The MSCI’s index of emerging market stocks fell 1.1% and was poised for its worst day since March 24, with bourses across Asia weighing the most.
New COVID-19 related restrictions in India threatened to throw a wrench into an otherwise steady global economic recovery.
The EM space has been hit hard by a second wave of COVID-19 infections this year, with India and Brazil ranking among the worst hit.
Still, recent strength in oil markets has supported the rouble, while Russian stocks hit record highs as major oil exporters benefited from strong prices.
For GRAPHIC on emerging market FX performance in 2021, see tmsnrt.rs/2egbfVh For GRAPHIC on MSCI emerging index performance in 2021, see tmsnrt.rs/2OusNdXFor TOP NEWS across emerging marketsFor CENTRAL EUROPE market report, seeFor TURKISH market report, seeFor RUSSIAN market report, see (Reporting by Ambar Warrick in Bengaluru, Editing by Sherry Jacob-Phillips)
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