Emerging-market stocks fell, ending a two-day rally, after South Korean authorities imposed measures to restrict leveraged funds invested in chipmakers. This led to sharp declines in major stocks like SK Hynix and Samsung Electronics. The regulatory action highlights efforts to curb speculative trading in the semiconductor sector, impacting broader emerging markets.
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Emerging-market stocks resumed their slide after a two-day rally.
SK Hynix Inc. and Samsung Electronics Co. tumbled.
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Emerging-market stocks resumed their slide, snapping a two-day rally.
BloombergEmerging-market stocks resumed their decline, snapping a two-day gain, as SK Hynix Inc. and Samsung Electronics Co. declined after South Korean authorities moved to rein in leveraged funds tracking the chipmakers.
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Emerging-market stocks resumed their slide, snapping a two-day rally.
BloombergSK Hynix Inc. and Samsung Electronics Co. tumbled.
BloombergSouth Korean authorities moved to rein in leveraged funds tracking chipmakers.
Bloomberg