Emerging-market stocks declined to a one-month low, led by industrial and technology companies, on concern that a slowdown in China will hamper global economic growth. Russia’s ruble bond yields increased to a record.
Malaysia, aspiring to become a developed nation in six years, is finding that more than 50 years under one coalition and tight control over information is a mismatch for handling a rapidly growing crisis followed across the world.
Chinese steel companies, the world’s largest, helped drive a regional industry benchmark index to a seven-month low as concern builds that some mills face financial difficulty amid a government credit squeeze.
Malaysia’s Air Force chief denied saying Flight 370 was tracked deviating from its path into Malacca Strait, adding to the confusion surrounding the search for the missing plane, which entered its fifth day.
West Texas Intermediate fell for a third day, the longest losing streak in two months, after an industry report showed crude inventories rose in the U.S., the world’s biggest oil consumer. Brent slid in London.