NEW YORK, Oct 5 — Emerging market stocks hit a six-week low today as a US technology rout spilled over, while dollar bonds of Chinese property developers tumbled on deepening concerns over widespread defaults in the sector.
Focus also remained on China’s no. 2 property developer, Evergrande, as it struggles to clear its massive US$300 billion debt pile. Rising US Treasury yields weighed on most EM currencies, with Russia’s rouble leading losses in Europe, the Middle East and Africa with a 0.4 per cent decline against the dollar.
Investors fear that a jump in commodity prices will feed inflation and disrupt economic activity, particularly in emerging markets.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Fuente: malaymail - 🏆 1. / 86 Leer más »