Risk-off mood sends Turkish lira to 5-month low, Chinese stocks slump



* EM stocks fall over 1%, currencies edge lower

* China shares lower as Beijing imposes new COVID curbs

* Turkish lira eases over 1%, down nearly 18% YTD

* Russian rouble up past 57 to dollar for first time in 4 years

By Bansari Mayur Kamdar

May 24 (Reuters) - The Turkish lira hit a five-month low on Tuesday in a broad selloff of emerging market stocks and currencies as glum company earnings deepened worries about global economic growth.

Emerging market stocks .MSCIEF fell 1.2%, in line with global peers, after a profit warning from Snap Inc SNAP.N dampened the relief rally of the last few trading days.

Shares in both China .CSI300 and Hong Kong .HSI were more than 2% lower amid heavy selling by foreign investors on worries that new COVID-19 curbs in Beijing would further slow growth in the world's second-largest economy.

Turkey's lira TRY= slid to beyond 16 against the dollar, bringing its losses for the year to 18%, as investors increasingly questioned the sustainability of economic policies ahead of a monetary policy meeting later this week.

"At the moment, it's almost a one directional bet for the lira, but the risks of more excessive and more extreme central bank adjustments to combat it are increasing as the currency weakens," said Simon Harvey, head of FX Analysis at Monex.

"What we are not seeing is the traditional rising of interest rates. We'll see that again this week when they (the central bank) will likely hold rate at 14%."

South Africa's rand ZAR= slipped 0.1% against the dollar.

The Russian rouble RUBUTSTN=MCX extended its gains against the dollar, strengthening past 57 for the first time in four years, boosted by export-focused companies selling foreign currency to pay taxes.

Investors are focused on the release of global purchasing manager index surveys and comments by policymakers at the World Economic Forum, after some flagged the risk of a worldwide recession at the annual Davos think-fest. For GRAPHIC on emerging market FX performance in 2022, see Link For GRAPHIC on MSCI emerging index performance in 2022, see Link

For TOP NEWS across emerging markets

For CENTRAL EUROPE market report, see

For TURKISH market report, see

For RUSSIAN market report, see
Reporting by Bansari Mayur Kamdar in Bengaluru; Editing by Aditya Soni

免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。

所有缐上交易平台所發佈的資料,僅適用於教育/資訊類用途,不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議,或是交易價格紀錄,或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。

本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。

我們運用 cookies 提供您最佳之網頁使用經驗。更改您的cookie 設定跟詳情。

風險提示:您的資金存在風險。槓桿商品並不適合所有客戶。請詳細閱讀我們的風險聲明