News Formal

Emerging market stocks at six-week low, Chinese property bonds slammed by default woes | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 86%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

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. Dollar-denominated bonds of mid-sized property developers Kaisa Group and...

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

World stocks steady as inflation jitters ease | Malay MailMILAN, Oct 5 — World shares steadied near lows today as worries that rising oil prices will feed inflationary pressures appeared to ease, while the dollar regained strength ahead of US payrolls data on Friday seen as key to the Federal Reserve’s next move. MSCI’s gauge of global stocks...
Source: malaymail - 🏆 1. / 86 Read more »