Emerging Assets Slump on China Selloff as Iran-Saudi Ties Sour

January 4, 2016 6:19 PM

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Emerging-market assets sank as a bigger-than-forecast slump in Chinese manufacturing fueled concern that the nation’s economic slowdown will curb global growth and escalating tension between Saudi Arabia and Iran underscored geopolitical risks in the Middle East.

China halted stock, futures and options trading after a 7 percent slump in the CSI 300 Index caused the nation’s new circuit breakers to kick in. Equities in South Korea, India and South Africa slid at least 2.1 percent, while Saudi Arabian shares dropped 2.4 percent. Brazil’s stock benchmark fell f...

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