Reported about 9 hours ago
Emerging-market stocks suffered their biggest drop since 2008, erasing yearly gains as escalating trade tensions led investors to seek safer assets. The MSCI emerging equity index fell as much as 8.4%, while emerging market currencies also declined. Tariff increases imposed by the U.S. are raising fears of a potential recession, affecting economies globally, with notable losses in Chinese shares and various Asian markets.
Source: YAHOO