Emerging Stocks Decline as Ibovespa Enters Bear Market - Bloomberg

Emerging Stocks Decline as Ibovespa Enters Bear Market - Bloomberg:



"Emerging-market stocks declined, capping the biggest weekly slide since November, amid concern tension between Russia and Ukraine will escalate. Brazil’s Ibovespa (IBOV) slumped into a bear market as homebuilders retreated.



The MSCI Emerging Markets Index dropped 0.6 percent to 937.73. Russia’s Micex Index posted the worst week since May 2012, while the Ibovespa extended a plunge from its October peak to 20 percent. China Citic Bank Corp. retreated before the shares were suspended in Hong Kong and Shanghai on concern China is tightening restrictions on online financial products. Indonesia’s benchmark stock index entered a bull market.



U.S. Secretary of State John Kerry and Russian Foreign Minister Sergei Lavrov failed to defuse the standoff over Ukraine in six hours of talks in London, as the Crimea peninsula prepared to vote on joining Russia. The U.S. and the European Union are threatening sanctions against Russia if it doesn’t back down from annexing the Ukrainian region."



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