Emerging markets decline amid concern on Ukraine crisis

Emerging-Market Stocks Halt Nine-Day Advance on Warning

emerging markets

  • Emerging markets declined after NATO warned Russia to reduce its troops on Ukraine territory.
  • Russia’s Micex Index (INDEXCF) extended its slump this year to 9.2 percent as Sberbank sank, while the ruble weakened for a second day. Ukrainian Eurobonds fell for the first time in almost two weeks and the hryvnia slumped.
  • Turkish bonds ended the longest streak of gains in 11 months amid speculation the central bank will raise interest rates.
  • Brazilian shares retreated amid speculation recent gains might have been excessive given the outlook for slow economic growth
  • China’s stocks fell for the first time in three days as banks and property developers slumped, overshadowing government measures to support economic growth.
  • The iShares MSCI Emerging Markets Index ETF fell 0.4 percent to $41.41.

Categories: Emerging Markets

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