London Emerging-market equities slumped to the lowest level in more than three months, with Korean and Taiwanese stock as leading declines, as French and Greek voters rejected pro-austerity parties and oil slipped to a 2012 low.
The MSCI Emerging Markets Index lost 1.1 per cent to 1,001.85 by 5:46 p.m. in New York, the weakest since January 25. Industrial and information technology companies drove declines as Samsung Heavy Industries Co. fell the most since November. South Korea's Kospi Index and Taiwan's Taiex slid more than 1.6 per cent. Brazil's Bovespa Index advanced for the first time in three days as Hypermarcas SA jumped in Sao Paulo.
Crude oil sank to as three- month low of $97.94 a barrel, pushing the Standard & Poor's GSCI Spot Index of commodities down for a fourth day on concern a slowing global economy will hit resource demand.
