The decline in Asian technology stocks has pushed the benchmark index for emerging markets to its lowest level in three months, but a pullback in oil prices has helped shield European stocks and currencies from the sell-off. As of 4 p.m. Beijing time, the MSCI Emerging Markets Index had dropped by 3.6%, marking the largest single-day decline since the end of June and falling to its weakest level since April. On Tuesday, a series of trading halts hit the South Korean stock market, with weakness
The decline in Asian technology stocks has pushed the benchmark index for emerging markets to its lowest level in three months, but a pullback in oil prices has helped shield European stocks and currencies from the sell-off. As of 4 p.m. Beijing time, the MSCI Emerging Markets Index had dropped by 3.6%, marking the largest single-day decline since the end of June and falling to its weakest level since April. On Tuesday, a series of trading halts hit the South Korean stock market, with weakness
智通财经2026/07/28 08:51Show original
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Asian technology stocks' decline pushed the benchmark emerging market index to its lowest level in three months, but falling oil prices helped European stocks and currencies avoid sell-off impacts. As of 16:00 Beijing time, the MSCI Emerging Markets Index fell 3.6%, marking the largest single-day drop since the end of June and also reaching its weakest level since April. On Tuesday, the South Korean stock market experienced a series of trading halts, as weakness among chip manufacturers spread to various sectors. The South Korean KOSPI index plunged nearly 11%, with Samsung Electronics and SK Hynix both falling by over 13%.
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