EMERGING MARKETS-South African turmoil, strong dollar weigh on emerging markets



Oct 11 Emerging market stocks posted their biggest daily losses in two weeks on Tuesday, led lower by South Korea's Samsung, while South African assets were hammered by news about the finance minister's legal difficulties.
The announcement that South African prosecutors had issued Finance Minister Pravin Gordhan with a summons in relation to the establishment of a tax department investigation unit a decade ago sent the rand down more than 3 percent against the dollar - its weakest in nearly four weeks.
Debt issued by Africa's most industrialised nation slipped to multi-month lows, while the... read more

 
11 October 2016 in World News, Views: 35
Source: Reuters
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