Emerging market stocks hit lowest since April 2020, on track for 30% annual drop

Reuters
2022.10.11 08:12
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LONDON, Oct 11 (Reuters) - Emerging market stocks hit their lowest level since the initial COVID-19 selloff in April 2020 on Tuesday as a wider downturn in risk assets continued. MSCI’s benchmark EM index (.MSICEF) fell to 866.41 points in a third day of falls. The index is on track for a near-30% tumble year-to-date, its worst year since the 2008 global financial crisis.

LONDON, Oct 11 (Reuters) - Emerging market stocks hit their lowest level since the initial COVID-19 selloff in April 2020 on Tuesday as a wider downturn in risk assets continued.

MSCI’s benchmark EM index (.MSICEF) fell to 866.41 points in a third day of falls. The index is on track for a near-30% tumble year-to-date, its worst year since the 2008 global financial crisis.

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