Emerging-market stocks fell, dragging the benchmark index to a six-month low, after China’s non- manufacturing sector grew at a slowest pace in more than a year and the U.S. added fewer jobs than economists forecast.
The MSCI Emerging Markets Index (MXEF) fell 1.5 percent to 880.47 as of 10:26 a.m. London time, the lowest intraday price since Nov. 28. The gauge slid 0.9 percent last week, an 11th straight week of declines. Hong Kong’s Hang Seng China Enterprises Index traded 21 percent below its peak this year after slumping 2.6 percent today. OAO Sberbank, Russia’s biggest bank, slid 1.8 percent as the ruble weakened. Mol Nyrt. (MOL), Hungary’s largest refiner, dropped as oil prices retreated. Turkish and South African stock gauges declined 0.3 percent.