Arab Today, arab today emerging stocks fall to lowest in five months
Last Updated : GMT 21:25:08
Arab Today, arab today
Arab Today, arab today

Emerging stocks fall to lowest in five months

Arab Today, arab today

Arab Today, arab today Emerging stocks fall to lowest in five months

Beijing- Arabstoday

Emerging-market stocks dropped to a five-month low as concern deepened that Europe\'s debt crisis will reduce developing-nation exports and curb demand for riskier assets. The MSCI Emerging Markets Index declined 1.6 per cent to 904.39 in Hong Kong, erasing a two-day gain. The gauge is poised for its lowest close since December 20. Benchmark indexes in South Korea, Taiwan, Russia and China fell more than 1 per cent. \"Things will definitely have to slow for exports from Asia to Europe,\" Lye Thim Loong, who manages $500 million of assets at Libra Invest Bhd., said by phone in Kuala Lumpur. \"As we progress toward the second half, I think things may worsen.\" The MSCI Emerging Markets Index has fallen 1.4 per cent this year, while the MSCI World Index of developed nations added 1.1 per cent.

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