EM Stocks Tumble Most in More Than a Month as Oil Jumps

Emerging-market stocks and currencies fell after two straight sessions of gains, with rising oil prices and a cautious pre-weekend tone pressuring risk appetite. The move suggests a modest reversal in EM sentiment rather than a fundamental shift, but it could still weigh on near-term FX and equity performance.

Analysis

Emerging-market stocks and currencies fell after two straight sessions of gains, with rising oil prices and a cautious pre-weekend tone pressuring risk appetite. The move suggests a modest reversal in EM sentiment rather than a fundamental shift, but it could still weigh on near-term FX and equity performance.