Emerging stocks and FX fall on higher oil, yields
Emerging market assets dropped as rising bond yields and oil prices fueled inflation fears and renewed concern about elevated sovereign debt; MSCI developing-world equities fell 1.7% with rate-sensitive stocks leading.
Emerging market assets fell on Thursday as rising bond yields and oil prices fueled inflation worries and underscored concerns about elevated sovereign debt. 7%, with rate-sensitive stocks leading declines, while its currency index also weakened.