Inflation, growth woes haunt emerging stocks, currencies

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Emerging market stocks suffered their worst day in over three months on Monday and developing currencies slipped as a Covid warning from China added to fears over rising global inflation. Moneyweb Inflation Stocks

Emerging market stocks suffered their worst day in over three months on Monday and developing currencies slipped as a Covid warning from China added to fears over rising global inflation ahead of a US Federal Reserve meeting later in the week.

’s index for emerging market equities fell 3.1% by 1138 GMT while the emerging currency benchmark slipped 0.6% – both at their lowest level in around three weeks. The declines mirrored sharp declines in global markets more widely after data on Friday showed US inflation was running red-hot, fuelling worries about even more aggressive policy tightening in a big week for central banks.

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