Stocks hit two-year low on China economy concerns, rate hike prospects
An index of emerging market stocks fell more than 1% on Friday, led by a rout in China shares, while currencies took a hit from the rising dollar, which drew strength from expectations of a big interest rate hike by the Federal Reserve next week. MSCI’s emerging market (EM) stocks index fell 1.4%, hitting its […]
Stocks hit two-year low on China economy concerns, rate hike prospects
An index of emerging market stocks fell more than 1% on Friday, led by a rout in China shares, while currencies took a hit from the rising dollar, which drew strength from expectations of a big interest rate hike by the Federal Reserve next week. MSCI’s emerging market (EM) stocks index fell 1.4%, hitting its […]