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Emerging-market stocks fall for fourth day running

(China Daily)

08:42, March 15, 2013

Emerging-market stocks dropped for a fourth day, poised for the longest losing streak in five weeks, as Chinese developers tumbled and South Korea refrained from cutting interest rates. Country Garden Holdings Co fell 4.3 percent in Hong Kong, leading losses in Chinese mainland real estate companies, after the China Securities Journal reported Beijing will strengthen homebuyer reviews. Hana Financial Group Inc slid to a one-month low in Seoul. Bank of the Philippine Islands fell 3.6 percent in Manila, with the nation's benchmark index heading for its longest run of losses in three months.

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