Emerging-market stocks slumped the most in almost three weeks, dragged lower by a global tech selloff that hammered South Korean equities and triggered a 20-minute trading halt.
An MSCI gauge for developing-nation stocks dropped as much as 3.9% on Friday, the most since June 8. South Korea’s Samsung Electronics Co. and SK Hynix Inc. each tumbled more than 10% at one point, sending the benchmark Kospi down as much as 9%. An MSCI index of emerging-market currencies rose 0.1% as the dollar was little changed.
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