Full-scale flight from emerging markets accelerates


NEW YORK/LONDON:  A full-scale flight from emerging markets accelerated on Friday, as investors sold shares in major markets and bought safe-haven assets such as U.S. Treasuries, the yen and gold.

On Wall Street, the benchmark S&P 500 stock index tumbled 2.0 percent on the day, and ended the week down 2.6 percent, its worst week since June 2012.

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