{"id":13786,"date":"2012-08-22T15:06:16","date_gmt":"2012-08-22T13:06:16","guid":{"rendered":"http:\/\/www.myza.co.za\/08\/emerging-markets-stocks-fall-as-china-world-growth-doubts-weigh\/"},"modified":"2012-08-22T15:06:16","modified_gmt":"2012-08-22T13:06:16","slug":"emerging-markets-stocks-fall-as-china-world-growth-doubts-weigh","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/emerging-markets-stocks-fall-as-china-world-growth-doubts-weigh\/","title":{"rendered":"EMERGING MARKETS-Stocks fall as China, world growth doubts weigh"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON<\/span> Aug 22 (Reuters) &#8211; Emerging equities eased 0.6<br \/>\npercent on Wednesday on continued weakness in Chinese markets<br \/>\nand a setback for European bourses while on currencies, the<br \/>\nHungarian forint fell from 11-month highs hit in the previous<br \/>\nsession.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>Investors are clinging to hopes of policy action from global<br \/>\ncentral banks especially the European Central Bank, as weak<br \/>\nexport numbers from Japan highlighted worries about the fragile<br \/>\nglobal economy. Poor earnings from London-listed miner BHP<br \/>\nBilliton reinforced these concerns as the company said it would<br \/>\nshelve some copper projects until global demand improved.<\/p>\n<p><span><\/span><\/p>\n<p>Investors in emerging markets have also taken to the<br \/>\nsidelines, watching the rise in U.S. Treasury yields which hit<br \/>\n3-month highs on Tuesday.<\/p>\n<p><span><\/span><\/p>\n<p>In China, Shanghai stocks fell a further 0.5 percent,<br \/>\nstaying near recent 3-1\/2 year lows as the central bank<br \/>\nhas so far steered clear of delivering an expected stimulus.<\/p>\n<p><span><\/span><\/p>\n<p>That pushed the broader emerging index lower while emerging<br \/>\nEuropean stocks also fell, with Russia and Hungary slumping<br \/>\naround 1 percent  and South Africa and Poland<br \/>\nlosing 0.5 percent<\/p>\n<p><span><\/span><\/p>\n<p>On currencies the forint was the biggest loser, falling 0.5<br \/>\npercent versus the euro after a sharp rise in the<br \/>\nprevious session that was fuelled by optimism in eastern Europe<br \/>\nover possible ECB support for Spain and Italy.<\/p>\n<p><span><\/span><\/p>\n<p>The Romanian leu eased 0.3 percent after touching six-week<br \/>\nhighs on Tuesday. A constitutional court on Tuesday<br \/>\nstruck down a referendum to impeach the country&#8217;s president and<br \/>\nthe government said it would accept the decision.<\/p>\n<p><span><\/span><\/p>\n<p>However, the currency looks vulnerable to further losses as<br \/>\nit is unclear if the political turmoil will prevent Bucharest<br \/>\nfrom adhering to the terms of an IMF loan programme.<\/p>\n<p><span><\/span><\/p>\n<p>On bonds, Belize&#8217;s 2029 dollar bond traded at<br \/>\na three-year low of 32 cents on the dollar after ratings<br \/>\nagencies warned investors on Tuesday to expect steep losses on<br \/>\nthe bond. Belize has missed the August coupon payment and has<br \/>\nmade little headway in its debt restructuring talks.<\/p>\n<p><span><\/span><\/p>\n<p>(Reporting by Sujata Rao; editing by Stephen Nisbet)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON Aug 22 (Reuters) &#8211; Emerging equities eased 0.6 percent on Wednesday on continued weakness in Chinese markets and a setback for European bourses while on currencies, the Hungarian forint fell from 11-month highs hit in the previous session. Investors are clinging to hopes of policy action from global central banks especially the European Central [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-13786","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13786","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=13786"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13786\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=13786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=13786"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=13786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}