Emerging-market stocks fell Monday as investors braced for key tech earnings from Microsoft, Alphabet, and Amazon to gauge the AI trade's health. MSCI’s EM index dropped 0.3%, extending last week’s 2.6% slide. Brazil markets plunged after Luiz Inácio Lula da Silva defeated Flávio Bolsonaro, with an ETF tracking Brazilian equities tumbling 16% in Japan. Goldman Sachs cut its Kospi target by 25%, citing AI and battery sector weakness. Traders now face central bank decisions from the Federal Reserve and Bank of Japan amid global inflation and energy volatility.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing