Emerging-Market Stocks Erase 2.2% Drop as Middle East Tensions Spur Caution
Updated
Updated · Bloomberg · Jul 14
Emerging-Market Stocks Erase 2.2% Drop as Middle East Tensions Spur Caution
3 articles · Updated · Bloomberg · Jul 14
Summary
MSCI’s emerging-markets equity gauge clawed back from a fall of as much as 2.2% to trade little changed, while developing-nation currencies also held broadly steady.
Middle East tensions kept investors cautious, and attention shifted to the latest US inflation report for signals on the monetary-policy path.
South Korea drove much of the swing as late gains in Samsung Electronics and SK Hynix offset declines in Taiwan Semiconductor Manufacturing, MediaTek and Baidu.