August 5, 2019 / 12:07 PM / 13 days ago

MSCI's emerging stock index drops to eight-mth low on yuan shock, trade war

LONDON (Reuters) - MSCI’s emerging market equity index extended losses on Monday to hit the lowest level since January 9 after an escalation in the Sino-U.S. trade war and after a tumbling Chinese yuan spooked global financial markets.

The benchmark fell more than 2.2% in its ninth straight day of losses - the index’s longest losing streak in 3-1/2 years. The index has lost more than 10% since its mid-April peak and is down 23% over the past 18 months.

Reporting by Karin Strohecker

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