Emerging Markets Sink as Growth Concerns Weigh on Currencies and Stocks

Emerging market stocks and currencies sank to 2024 lows amid concerns over delayed monetary easing and weak Chinese recovery
Dollar rallied for a 5th day, adding pressure on local currencies like the yuan and Indonesian rupiah
China posted faster Q1 growth but details showed recovery fading; retail sales, industrial output disappointed
India's rupee hit a record low; South Africa's rand fell a 3rd straight day
Sri Lanka led EM dollar bond losses after restructuring talks failed; bonds also sold off in Pakistan, Angola, Nigeria, Egypt