Emerging market equities fell for the second consecutive session as concerns over high global inflation added to nerves about a Chinese slowdown and tighter financing conditions rippling out from the US.
The FTSE emerging index, a broad barometer of developing nations’ shares, fell about 0.9 per cent on Thursday in US dollar terms.
The moves came after Turkey’s central bank cut interest rates for the third time in three months, sparking concerns about its methods for dealing with spiralling inflation. In India, shares in Paytm owner One Communications fell 27 per cent following its $2.5bn initial public offering.
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