Markets Update Markets Update Stocks Emerging Stocks Fall for First Day in Four; Honam Slides
Stocks Update
- Details
- Published on Wednesday, 04 April 2012 12:10
- Written by Bloomberg.com
Emerging-market stocks fell for the first time in four days on concern the U.S. Federal Reserve may refrain from more monetary stimulus to bolster growth in the world’s largest economy.
The MSCI Emerging Markets Index fell 1.2 percent to 1,044.40 as of 11:37 a.m. in London, halting a three-day, 2.2 percent climb. Share gauges in Poland, Turkey, South Africa and Russia retreated at least 1 percent. OAO RusHydro (HYDR), Russia’s biggest hydropower generator, dropped for the first time in four days after Kommersant reported the company scrapped a plan to sell treasury shares to state-run development bank VEB. GoldFields Ltd. (GFI), South Africa’s second-largest producer of the metal, slid as gold dropped for a second day on a strengthening dollar. Full story