EMERGING MARKETS-Stocks decline with Asian bourses leading losses, FX muted [Yahoo! Finance]
NEDBANK GROUP LTD S/ADR (NDBKY)
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Source: Yahoo! Finance
Stocks down 0.8%, FX off 0.1% By Shashwat Chauhan March 5 (Reuters) - An index of emerging market stocks slipped on Tuesday as losses across heavyweight Asian equities weighed, while most currencies traded in a tight range in a lack of major catalysts. By 0917 GMT, MSCI's gauge for emerging market stocks lost 0.8%, with Hong Kong's Hang Seng amongst the top decliners, closing 2.6% lower. Sentiment remained dour after Chinese Premier Li Qiang, at the annual meeting of the National People's Congress, set the country's 2024 growth target at around 5%, a level similar to last year. "The absence of any measures designed to bolster the economy in terms of stimulus was poorly received," Richard Hunter, head of markets at interactive investor said. "The weakness in pockets of the economy, most notably the beleaguered property sector, (are) well-known and it increasingly appears that the authorities are content for natural economic growth to override any shorter term fiscal boosts
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