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Stocks Fall as Slide in Emerging Markets Sends Bonds, Yen Higher 

January 27, 2014
Ye Xie and Jeff Sutherland, Bloomberg

Global stocks tumbled the most since June, as the biggest drop in emerging markets in two months prompted investors to seek havens in Treasuries, German bunds and yen. Natural gas reached a three-year high.

The MSCI All-Country World Index fell 1.9 percent at 4 p.m. in New York. The Standard & Poor’s 500 Index slid 2.1 percent, pushing it to the biggest weekly drop since June 2012. The MSCI Emerging Markets Index tumbled 1.4 percent, extending its 2014 decline to 5.2 percent. The yen rose as emerging-market currencies had the worst sell off in five years. Ten-year Treasury yields slipped to an eight-week low. Natural gas surged above $5 for the first time since 2010 on forecasts for cold weather in the U.S.

Stocks retreated this week as signs of weakness in China's economy added to concern over the impact of cuts to the U.S. Federal Reserve’s stimulus program. 

Read more: Bloomberg

 
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