The MSCI Emerging Markets Benchmark Stock Index fell by 1.7%, marking its worst single-day performance since November 2025, with the cumulative increase in January narrowing to about 9%, still achieving the best monthly performance since 2012. 
The Emerging Markets Foreign Exchange Index fell by about 0.3%, bringing the cumulative increase in January down to 0.6%. 
On Friday, the South African Rand fell by 2.6% against the US Dollar, marking its worst performance since April

MSCI Emerging Markets Benchmark Stock Index fell 1.7%, marking its worst single-day performance since November 2025, with the cumulative increase in January narrowing to about 9%, yet still the best monthly performance since 2012. Meanwhile, the Emerging Markets Currency Index declined by about 0.3%, with the cumulative increase in January narrowing to 0.6%. The South African Rand fell 2.6% against the US Dollar on Friday, its worst performance since April

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