Emerging-market shares drop on lower oil prices

Emerging-market stocks decreased on Thursday reducing previous gains after energy companies stocks dropped on lower oil prices and as the Russian benchmark index recorded the largest fall in a week. The MSCI Emerging Markets Index gained less than 0.1% to 1,031.52 as of 4:52 p.m. Hong Kong time after it advanced 0.3% on U.S. budget deal.