BLOOMBERG.COM
Political risk returned to haunt emerging markets, with investors selling assets in South Africa, Turkey and Korea. European stocks rose for a third day. South Korea’s won weakened after North Korea conducted a missile test, and South Africa’s currency and bonds declined amid speculation the finance minister will be replaced. Turkish stocks slumped as the start of its biggest military operation in Syria stoked security concern. WPP Plc led European media shares higher as profit jumped, while signs of rising stockpiles sent oil and copper lower.
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Political risk returned to haunt emerging markets, with investors selling assets in South Africa, Turkey and Korea. European stocks rose for a third day. South Korea’s won weakened after North Korea conducted a missile test, and South Africa’s currency and bonds declined amid speculation the finance minister will be replaced. Turkish stocks slumped as the start of its biggest military operation in Syria stoked security concern. WPP Plc led European media shares higher as profit jumped, while signs of rising stockpiles sent oil and copper lower.
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