Emerging-market stocks fell for the first time in five days, led by Brazilian utilities, as the government provided less compensation for power rate cuts than analysts predicted. Hyundai Motor Co. sank after promising to remunerate U.S. customers for overstating fuel efficiency.
Emerging-market stocks posted the largest weekly loss since November, as Chinese and Indian production data and a $2 billion JPMorgan Chase & Co. trading loss spurred concern global growth will falter.
Emerging-market stocks rose from a six-month low, with South Korea and Taiwan leading gains, on optimism finance ministers and central bank governors will speed up efforts to resolve Europe’s financial crisis.
The emerging-market initial public offering boom, predicted for Brazil, Russia and India, is fizzling as inflation sends interest rates up, share prices down and prompts companies to scale back or cancel sales.
Emerging-market stocks gained, ending a five-day slide, amid speculation the European Central Bank will act to lower Spain’s borrowing costs, curbing the impact of the continent’s debt crisis on global growth.
Emerging-market stocks rose to the highest level in a week after reports showing growth in China’s services industries last month and a climb in U.S. factory orders in February boosted global optimism.