EMERGING MARKETS-Battered stocks lick wounds, S.African rand stretches losing streak ...Middle East

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EMERGING MARKETS-Battered stocks lick wounds, S.African rand stretches losing streak
source : Devdiscourse ( Middle East ) () 26
Emerging market stocks bounced for the first time in nine sessions on Tuesday but gains were limited by fears of a slowdown in China and a hawkish U.S. Federal Reserve, while South Africa's rand struggled to break higher. The MSCI's index for EM equities edged 0.6% higher, still hovering at near six-week lows after prolonged lockdowns in China's financial hub, Shanghai sparked worries about its economic impact.

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