EMERGING MARKETS-Recession worries rattle emerging stocks, firm dollar dents FX ...Middle East

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EMERGING MARKETS-Recession worries rattle emerging stocks, firm dollar dents FX
source : Devdiscourse ( Middle East ) () 26
An index of emerging market stocks was on course to snap a four-day winning run on Wednesday amid fears of a global recession, while a firm dollar dented most other currencies as investors sought safe-haven assets. The MSCI's emerging market equities index tumbled 1.6%, falling off a two-week high it hit earlier this week as Wall Street indexes sold off sharply on Tuesday after consumer sentiment data raised concerns of a recession.

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