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Leston
2021-08-18

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EMERGING MARKETS-Stocks snap losing streak but economic worries remain

* Russia stocks retreat from record highs * Mainland China stocks rise more than 1% * Baidu launches

EMERGING MARKETS-Stocks snap losing streak but economic worries remain

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Leston
·2021-08-18
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·2021-08-18
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Stocks in Romania and Turkey&nbsp;eked out small gains.</p>\n<p>MSCI's China-heavy index of EM shares rose as mainland China shares rose more than 1% to lead gains in Asia.</p>\n<p>The EM index had lost 3.5% over the previous five sessions as concerns about Beijing's crackdown on businesses, and worries about global growth because of to the Delta variant of the novel coronavirus, knocked sentiment.</p>\n<p>\"The global economy continues to face a softening of demand coupled with inflationary pressure,\" Citi Research strategists said.</p>\n<p>Analysts at Singapore's DBS Group warn that China's stock market consolidation amid ongoing regulator crackdown will weigh on spending power through the negative wealth effect.</p>\n<p>Chinese internet company Baidu Inc tapped into debt markets with a two-tranche, U.S. dollar sustainability bond, in a deal that could test global investor appetite for China tech assets amid the regulatory scrutiny.</p>\n<p>Despite the dollar broadly clinging to Tuesday's gains, EM currencies enjoyed a moment of reprieve from their declines this week, with Russia's rouble and Mexico's peso gaining around 0.3% each, following gains for most Asian currencies.</p>\n<p>South Africa's rand gave up session gains after tame inflation figures for July further reduced the chances of a hawkish move by the central bank. 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A source familiar with the matter said that IMF actions in such cases are guided by the views of its members.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EMERGING MARKETS-Stocks snap losing streak but economic worries remain</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEMERGING MARKETS-Stocks snap losing streak but economic worries remain\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-08-18 16:50</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>* Russia stocks retreat from record highs</p>\n<p>* Mainland China stocks rise more than 1%</p>\n<p>* <a href=\"https://laohu8.com/S/BIDU\">Baidu</a> launches U.S. dollar bond</p>\n<p>* S.Africa inflation slows in July</p>\n<p>Aug 18 (Reuters) - Emerging market stocks snapped a five-session losing streak to climb 0.4% on Wednesday, thanks to gains in Asia, but worries about slowing economic growth remained.</p>\n<p>Stocks in Russia retreated 0.6% from record highs, while those in Poland and Saudi Arabia lost 0.7% and 0.1% respectively. Stocks in Romania and Turkey&nbsp;eked out small gains.</p>\n<p>MSCI's China-heavy index of EM shares rose as mainland China shares rose more than 1% to lead gains in Asia.</p>\n<p>The EM index had lost 3.5% over the previous five sessions as concerns about Beijing's crackdown on businesses, and worries about global growth because of to the Delta variant of the novel coronavirus, knocked sentiment.</p>\n<p>\"The global economy continues to face a softening of demand coupled with inflationary pressure,\" Citi Research strategists said.</p>\n<p>Analysts at Singapore's DBS Group warn that China's stock market consolidation amid ongoing regulator crackdown will weigh on spending power through the negative wealth effect.</p>\n<p>Chinese internet company Baidu Inc tapped into debt markets with a two-tranche, U.S. dollar sustainability bond, in a deal that could test global investor appetite for China tech assets amid the regulatory scrutiny.</p>\n<p>Despite the dollar broadly clinging to Tuesday's gains, EM currencies enjoyed a moment of reprieve from their declines this week, with Russia's rouble and Mexico's peso gaining around 0.3% each, following gains for most Asian currencies.</p>\n<p>South Africa's rand gave up session gains after tame inflation figures for July further reduced the chances of a hawkish move by the central bank. Retail sales data for June, due later on Wednesday, is also expected to have slowed from the previous month.</p>\n<p>Turkey's lira fell 0.8% after four straight sessions of gains.</p>\n<p>In Afghanistan, the central bank's around $10 billion in assets may be out of reach from the Taliban as the vast majority of the assets are held outside the country.</p>\n<p>Afghanistan is eligible for an allocation of about $455 million of the International Monetary Fund's Special Drawing Rights. A source familiar with the matter said that IMF actions in such cases are guided by the views of its members.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BIDU":"百度","09888":"百度集团-SW","C":"花旗"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2160473850","content_text":"* Russia stocks retreat from record highs\n* Mainland China stocks rise more than 1%\n* Baidu launches U.S. dollar bond\n* S.Africa inflation slows in July\nAug 18 (Reuters) - Emerging market stocks snapped a five-session losing streak to climb 0.4% on Wednesday, thanks to gains in Asia, but worries about slowing economic growth remained.\nStocks in Russia retreated 0.6% from record highs, while those in Poland and Saudi Arabia lost 0.7% and 0.1% respectively. 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Retail sales data for June, due later on Wednesday, is also expected to have slowed from the previous month.\nTurkey's lira fell 0.8% after four straight sessions of gains.\nIn Afghanistan, the central bank's around $10 billion in assets may be out of reach from the Taliban as the vast majority of the assets are held outside the country.\nAfghanistan is eligible for an allocation of about $455 million of the International Monetary Fund's Special Drawing Rights. 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