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\t\t<\/span><\/p>\n <\/span><\/p>\n \n \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":" * Emerging equities fall 0.46 percent * Weak German PMI also weighs * Hungarian 5-year CDS widen 17 bps * Turkish lira rises 0.2 pct By Philip Baillie LONDON, March 22 (Reuters) – Emerging stocks fell on Thursday to two-week lows as concerns over a slowdown in Chinese and German growth hit riskier assets, while […]<\/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-9197","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\/9197","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=9197"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9197\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=9197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=9197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=9197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}* Emerging equities fall 0.46 percent\n * Weak German PMI also weighs\n * Hungarian 5-year CDS widen 17 bps\n * Turkish lira rises 0.2 pct\n\n By Philip Baillie\t\n LONDON, March 22 (Reuters) - Emerging stocks fell on\nThursday to two-week lows as concerns over a slowdown in Chinese\nand German growth hit riskier assets, while a rumbling dispute\nbetween Budapest and the IMF pushed up Hungary's debt insurance\ncosts.\t\n The MSCI emerging equities index fell 0.46 percent\nfollowing weaker than expected sentiment data from China. The\nHSBC flash PMI, the earliest indicator of China's industrial\nactivity, fell to 48.1 in March from February's four-month high\nof 49.6, with new orders sinking to a four-month low.\n \t\n \"At the core of everything today is China. Clearly the data\nis very soft and that's raising concerns over where China is\ngoing in terms of growth and what policies will be implemented,\"\nsaid Lars Christensen, chief emerging markets analyst at Danske\nBank in Copenhagen.\t\n \"If (a hard landing) materialises, emerging markets will\ntake a hit from the direct growth impact as well as from\ncommodity prices correcting downwards.\"\t\n Emerging assets were also pressured by equivalent data from\nGermany showing the country's manufacturing sector shrank on the\nback of falling new orders, raising concern over its resilience\nto the euro zone crisis. \t\n Share prices dropped across central and eastern Europe led\nby a fall in benchmark indices in Russia dropping 1.34\npercent, Poland 1.26 percent and Hungary with a\n0.8 percent drop \t\n Emerging currencies also took a hit. By 0928 GMT, the zloty\n, the Czech crown and the Hungarian forint\n each shed more than half a percent to the euro.\t\n\t\n HUNGARIAN TALKS\t\n Hungary is working to resolve a conflict with the European\nUnion over legislation which has blocked the start of talks on\naid, and the country's five-year credit default swaps (CDS) rose\nby 17 basis points to 535 bps, according to Markit. \t\n The International Monetary Fund quashed rumours on Wednesday\nit would send a team to Hungary in April.\t\n Russian CDS widened by 6 basis points a day after it drew\nweak demand at a sale of seven-year bonds at a weekly treasury\nauction.\t\n Moscow embarked on an international investor roadshow\nearlier this week and is likely to issue 10- and 20-year dollar\nbonds, banking and fund manager sources told Reuters on\nWednesday. \t\n In South Africa, where markets reopened after a national\nholiday, the rand was down against the dollar, losing\n0.75 percent after a lower than expected inflation reading.\t\n \"(The) immediate market reaction is likely to be that this\nallows the (central bank) to keep interest rates on hold a while\nlonger, despite the more hawkish comments we've had from\nGovernor Marcus recently,\" Standard Chartered Bank told clients\nin a research note.\t\n The Turkish lira rose for the second day in a row,\ngaining 0.2 percent against the dollar.\t\n \"Given the current level of (the lira), the growing risk of\na global economic slowdown and the sticky inflation outlook,\nrisks are skewed towards a more hawkish (central bank) bias,\"\nJPMorgan analysts said in a note.\t\n\t\n\t\n (Addditional reporting by Sujata Rao; Editing by John\nStonestreet)<\/pre>\n