{"id":14025,"date":"2012-08-29T15:24:12","date_gmt":"2012-08-29T13:24:12","guid":{"rendered":"http:\/\/www.myza.co.za\/08\/emerging-markets-weak-china-stocks-hit-emerging-market-shares\/"},"modified":"2012-08-29T15:24:12","modified_gmt":"2012-08-29T13:24:12","slug":"emerging-markets-weak-china-stocks-hit-emerging-market-shares","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/emerging-markets-weak-china-stocks-hit-emerging-market-shares\/","title":{"rendered":"EMERGING MARKETS-Weak China stocks hit emerging market shares"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON<\/span> Aug 29 (Reuters) &#8211; Emerging stocks hit their lowest<br \/>\nlevels in nearly four weeks on Wednesday, pressured by a sharp<br \/>\ndrop in Chinese shares on fading hopes for monetary easing from<br \/>\nBeijing.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>The Hungarian forint hit a one-month low following a rate<br \/>\ncut in the previous session.<\/p>\n<p><span><\/span><\/p>\n<p>Shanghai shares closed 1 percent lower at their<br \/>\nweakest since Feb 2009, as hopes faded for a further cut in<br \/>\nChinese banks&#8217; reserve requirements any time soon.<\/p>\n<p><span><\/span><\/p>\n<p>China is the largest country component of the MSCI benchmark<br \/>\nemerging equities index, which hit its lowest since<br \/>\nearly August.<\/p>\n<p><span><\/span><\/p>\n<p>Markets are also jittery ahead of a key speech by U.S.<br \/>\nFederal Reserve chairman Ben Bernanke on Friday and are awaiting<br \/>\ndetails of the European Central Bank&#8217;s response to the region&#8217;s<br \/>\ndebt crisis.<\/p>\n<p><span><\/span><\/p>\n<p>Emerging European currencies fell, with Hungary&#8217;s forint<br \/>\ndropping half a percent to a one-month low against the euro<br \/>\n after the Hungarian central bank cut interest rates by<br \/>\n25 basis points on Tuesday, the first easing in more than two<br \/>\nyears.<\/p>\n<p><span><\/span><\/p>\n<p>The zloty also dropped 0.7 percent to a one-month<br \/>\nlow after Poland&#8217;s central bank head said on Tuesday that the<br \/>\nbank may start cutting rates sooner than previously expected.<\/p>\n<p><span><\/span><\/p>\n<p>(Reporting by Carolyn Cohn. Editing by Jeremy Gaunt.)<\/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 29 (Reuters) &#8211; Emerging stocks hit their lowest levels in nearly four weeks on Wednesday, pressured by a sharp drop in Chinese shares on fading hopes for monetary easing from Beijing. The Hungarian forint hit a one-month low following a rate cut in the previous session. Shanghai shares closed 1 percent lower at [&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-14025","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\/14025","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=14025"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/14025\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=14025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=14025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=14025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}