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Emerging market stocks start month lower

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Kuala Lumpur - Emerging-market stocks fell toward the lowest level in more than three weeks as demand for higher-yielding assets cooled ahead of a US payrolls report on Friday that may be key for determining whether interest rates will rise this year in the world’s largest economy.

The MSCI Emerging Markets Index dropped for a second day, paring this quarter’s gains to 6.9%, after Brent crude extended a 2.8% decline on Wednesday to trade under $47 per barrel, pushing down Malaysia’s ringgit to its weakest in more than two months.

The rand halted a nine-day rout as a technical indicator signaled the currency’s losses may have been too rapid. Shares in Qatar fell for a second day.

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ZAR/USD
17.39
(+0.55)
ZAR/GBP
22.67
(+0.70)
ZAR/EUR
20.46
(+0.38)
ZAR/AUD
12.41
(+0.78)
ZAR/JPY
0.16
(+0.95)
Gold
1930.50
(+1.30)
Silver
25.73
(+3.63)
Platinum
935.51
(+1.91)
Brent Crude
44.46
(-1.09)
Palladium
2134.00
(+2.49)
All Share
57371.44
(+0.36)
Top 40
52990.71
(+0.30)
Financial 15
10214.88
(-0.01)
Industrial 25
76258.91
(+0.97)
Resource 10
58421.16
(-0.44)
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