"Russia, Turkey Lead Emerging Markets Lower on Rate Concern
March 7 (Bloomberg) -- Russia and Turkey led a slump in emerging stock markets worldwide on concern that rising U.S. interest rates will slow the global economy.
Morgan Stanley Capital International Emerging Markets Index had its steepest loss since May 2004. The global index sank 23.59, or 3 percent, to 758.38 as of 4:33 p.m. in New York. Energy producers, including Russia's OAO Lukoil, and banks such as Turkiye Is Bankasi AS led the retreat."
More:Bloomberg.com: Europe
