U.S.-China Trade Tensions Escalate, Stifling Recovery: EM Review
Emerging-market assets resumed declines as an escalation in trade clashes between the U.S. and China deterred risk-taking in an already fragile developing-market landscape. The MSCI Emerging Markets Index of stocks fell 1.7 percent, the most since June, while a gauge tracking developing-economy currencies declined 0.5 percent.