EM Assets Fall Amid Low Risk Apetite as Traders Eye US Data.

Assets in developing countries experienced a decline due to soft US labor data and concerns about the Chinese economy, leading to a decrease in investors' risk appetite. The MSCI gauge for emerging-market stocks dropped to its lowest level since August, with Asian tech shares contributing to the decline. The US dollar rebounded, causing the currency index to fall. Traders are closely monitoring US data and comments from the Federal Reserve Governor for clues about potential rate cuts. The Brazilian real and Mexican peso, however, saw gains as traders reevaluated the risk of a sudden US economic slowdown. China's core inflation also cooled in August, raising concerns about deflation and global growth. Sri Lanka's dollar bonds sold off due to rising political uncertainties, while Turkey received a credit rating upgrade from Fitch Ratings. In Chile, the government plans to reduce the fiscal deficit next year despite pressure to address crime and fund social programs. [Extracted from the article]