Emerging Markets – US-China tension, rate rise worries pull down EM stocks
BENGALURU: Emerging market stocks fell over 1 percent on Friday, on track for their fourth weekly decline, as US-China tension weighed on sentiment, while investors awaited US inflation data for signs on the Federal Reserve’s interest rate rise trajectory, according to Reuters. The MSCI EM equities index slipped 1.4 percent and was set for a weekly fall of 2.5 percent.