The Business Times
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Emerging stocks down for fifth straight day on China rout

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Published Tue, Jul 28, 2015 · 09:50 PM

    Hanoi

    EMERGING-MARKET stocks fell for a fifth day as raw-material producers dropped and Chinese shares extended the biggest one-day selloff since 2007. Russia's rouble weakened to a four-month low.

    Zijin Mining Group Co sank 6.1 per cent in Hong Kong to lead materials stocks lower. The Shanghai Composite Index slid 1.7 per cent as concern grew that unprecedented government intervention will fail to shore up equities.

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