* Stocks down 0.3 pct on Greece worries
* Hungarian shares fall 1.9 pct, eye Orban/EU talks
* Ivorian yields at 7-month low after finmin presentation
By Alessandra Prentice
LONDON, Jan 24 (Reuters) – Emerging market shares
slipped from a 2-1/2-month high on Tuesday with emerging
European stocks among the worst-performing, as the risk of a
messy Greek default and concerns over the outcome of Hungary’s
aid talks spooked investors.
Hungarian stocks fell nearly 2 percent after
Hungary’s deputy prime minister cast doubt on whether Prime
Minister Viktor Orban and European Commission head Jose Manuel
Barroso had the “ambition” to resolve disputes over a series of
new laws, a barrier to an international aid deal.
Appetite for riskier emerging stocks picked up in 2012 with
shares soaring nearly 10 percent in January, but the markets
remain sensitive to bad news. Reports of foundering talks
between Greece and its private creditors weighed on risk
appetite on Tuesday.
By 1235 GMT emerging stocks were down 0.2 percent,
ending a 5-day winning streak. The index finished last year over
20 percent lower.
“Most of the problems out there haven’t yet been fixed and
the euro zone issue will remain for a while, but the money
that’s flowing in (from the ECB) will support the market,” said
Murat Toprak, emerging market strategist at HSBC.
Continued…
