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Emerging-Market Stocks Fall as Korea Chipmakers Slide Once Again

Key Points

Emerging-Market Stocks Fall as Korea Chipmakers Slide Once Again Emerging-market equities fell for the first time in three days, led down by South Korean chipmakers unwinding some of the record gains they made on Friday. An MSCI Inc. index of developing-nation stocks slipped 1.1% after jumping 6.6% on Friday. Korea’s Samsung Electronics Co. and SK Hynix Inc. both slumped by more than 7% as the Kospi Index dropped 5%.

Emerging-Market Stocks Fall as Korea Chipmakers Slide Once Again Emerging-market equities fell for the first time in three days, led down by South Korean chipmakers unwinding some of the record gains they made on Friday. An MSCI Inc. index of developing-nation stocks slipped 1.1% after jumping 6.6% on Friday. Korea’s Samsung Electronics Co. and SK Hynix Inc. both slumped by more than 7% as the Kospi Index dropped 5%. Most emerging-market currencies strengthened against the dollar.
Emerging-Market Stocks Fall (ORG) Korea (LOCATION) South Korean (ORG) MSCI Inc. (ORG) Samsung Electronics Co. (ORG) SK Hynix Inc. (ORG) Kospi (PERSON)
Originally published by Bloomberg Markets Read original →