Emerging market rout sees stocks heading for worst month in two years
World shares tumbled towards their worst month in almost two years on Friday as turbulence engulfed emerging markets.
European and U.S. markets were unable to fight the flow with Europe’s main stock indexes suffering another torrid day and Wall Street opening down 1 percent on course for a second successive week of falls.
U.S. Economic sentiment data was due later after a flurry of employment benefits and inflation figures, but it was the resumption of intense selling of vulnerable emerging markets that remained the focus.
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