For many years, the world’s most popular emerging markets have been the so-called BRICS: Brazil, Russia, India, China and South Africa. But given that Russia is no longer a market that Westerners can access following the invasion of Ukraine, it might be time for investors to stop lumping all of the emerging markets together.
Hong Kong’s Hang Seng index drops to lowest close since February 2016; oil prices fall around 6%
Shares in China lagged among Asia-Pacific markets on Tuesday, with the release of much better-than-expected Chinese economic data offering little respite.
Stock market news live updates: Nasdaq drops 2% in third straight day of losses as tech stocks drag indexes lower
Stocks erased earlier gains to close mostly lower, with investors looking ahead to the Federal Reserve’s next monetary policy decision later this week amid an ongoing war in Ukraine and soaring inflation.