Emerging equities slipped to three-week lows on Tuesday, pressured by global growth worries and uncertainly over central bank action, but in Egypt hopes for political stability boosted the Cairo stock index to the highest
in 5-1/2 weeks.
MSCI's emerging equity index eased 0.2 percent after losing 0.5 percent on Monday when London was shut.
Chinese shares which comprise a fifth of the index rebounded almost 1 percent off 3-1/2 year lows hit on Monday after Premier Wen Jiabao pledged steps to stabilise exports but did not mention "formal" policy easing..
This was seen by some as diminishing the chances of Beijing cutting bank reserve requirements or interest rates.
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