Emerging Markets Sink as China Worries Resurface Amid Weak Data and Yuan Drop
• Emerging market stocks and currencies fell sharply as China worries resurfaced • China's economic data showed continued weakness, weighing on investor sentiment • China's factory activity contracted in December to a 6-month low • The yuan and Chinese stocks fell as Xi admitted to "economic challenges" • Investors brace for more volatility amid disparity between market and Fed rate expectations