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Emerging Stocks Head for Weekly Loss as Chinese Shares Decline

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Emerging-market stocks headed for the worst week in almost two months as China’s broadest measure of new credit slumped and lower oil prices dragged down energy companies. South Korea’s won weakened to a five-week low. The Hang Seng China Enterprises Index tumbled the most in six weeks, leading losses among major Asian indexes. The MSCI Emerging Markets Index fell below the 50-day moving average for the first time since May as energy companies paced losses among industry groups....

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