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Emerging market stocks fell 0.8% as Chinese internet and gaming companies sold off on regulatory worries. Turkey's lira extended its gains despite tensions with the West.
The South African rand dropped 0.7% to a two-week low as US Treasury yields rose.
Rising US yields and weaker emerging-market currencies raise import costs for emerging-market feed buyers. The moves are routine cross-market price action without a direct feed supply driver.
moneyweb.co.zaSusan Mathew, ReutersOct 27, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
