Stocks continue decline

Emerging market stocks continued to decline for the fourth time in five days as the 2016 rally stalls amid investor concern over China's economy and the possibility of higher US interest rates.

Stocks have declined at least one per cent this month after data showed China's exports slowed in September.

There is now more than two-thirds probability that the US Federal Reserve will raise the interest rate in December.

Investors are also concerned with the last US presidential debate on Wednesday of this week.

“There is a bit of caution ahead of the last U.S. presidential debate and concerns about how much growth is slowing in China. Investors are waiting for a new catalyst to restart the rally, which has stalled," ” said Per Hammarlund, the chief emerging-market strategist at SEB SA.

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