# Emerging markets: Lira extends gains, regulatory worries hit Chinese internet stocks - Moneyweb

> 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.

- Date: 2021-10-27 · published 2021-10-27T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/44854-emerging-markets-lira-extends-gains-regulatory-worries-hit-chinese-internet
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

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.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/markets/emerging-markets-lira-extends-gains-regulatory-worries-hit-chinese-internet-stocks/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.