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.