Emerging markets drop first time in 5 days

Emerging-market equities dropped on Monday falling for the first time in a five-day period mainly due to a notable decline of energy and telecommunication shares, when the all 10 groups in the gauge slipped. The MSCI Emerging Markets Index fell 0.5% to 1,002.70 as of 4:24 p.m. Hong Kong time and it has lost 4.7% so far this year.