Dubai’s benchmark stock index fell the most in a month, tracking a decline in global markets last week, on investor concern this year’s rally was overdone given prospects for earnings growth. Saudi Arabia’s gauge dropped.
Brazilian Finance Minister Guido Mantega urged global policy makers to start exploring ways to overhaul the voting structure of the International Monetary Fund without the approval of the U.S. Congress.
Emerging-market stocks dropped the most in three weeks as Tencent Holdings Ltd. led a slump in technology companies from a record. Russia’s Micex Index slid after the U.S. threatened tougher sanctions over Ukraine.
U.S. stocks fell, giving the Standard & Poor’s 500 Index its worst week since 2012, amid disappointing results at JPMorgan Chase & Co. and signs hedge funds were dumping the bull market’s top performers. Treasuries rose, while oil hit a five-week high.