EMERGING MARKETS-Emerging stocks set for worst week since Feb, Turkey tumbles [Reuters]
S&P Global Inc. (SPGI)
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Source: Reuters
EMERGING MARKETS-Emerging stocks set for worst week since Feb, Turkey tumbles | Reuters 6 Min Read LONDON, Aug 17 (Reuters) - Emerging equities were set for their worst week since February after sliding into bear territory while currencies came under fresh pressure on Friday, with Turkey’s lira taking another tumble despite central bank measures earlier in the week. MSCI’s benchmark emerging stocks index ended the week on a slightly calmer note, up 0.2 percent, and snapping a seven-day losing streak on tentative optimism that U.S.-Sino relations may improve with the scheduling of the first trade talks since June. The hope is this will resolve a tariff war that threatens to curb global economic growth at a time when the U.S. Federal Reserve is raising interest rates, creating difficulties for emerging market economies that have high external borrowing requirements. But emerging stocks were still set for their worst weekly sell off since February, down 3.5 percent, after clocking up the
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- SPGI's page on the SEC website