SUBSCRIBERS

Emerging stocks down for fifth straight day on China rout

Published Tue, Jul 28, 2015 · 09:50 PM
Share this article.

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.

The rouble lost 1.1 per cent versus the US dollar as oil extended declines. Inotera Memories Inc jumped 9 pe…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Companies & Markets

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here