2013.06.1105:06:41UTC+00Emerging-market stocks drop down 10% from this year's peak

Emerging-market stocks back down, sending the benchmark measure under 10 percent from this year’s peak, as disappointing Chinese data added to concern the global economy is faltering. India’s rupee plunged to a record.

Emerging ETF

The iShares MSCI Emerging Markets Index exchange-traded fund slid 1.4 percent to $40.14. The Chicago Board Options Exchange Emerging Markets ETF Volatility Index, a measure of options prices on the fund and expectations of price swings, dropped 2.3 percent to 23.76.

Turkish Lira

Turkey’s lira slumped as Prime Minister Recep Tayyip Erdogan warned demonstrators and lashed out against financial speculators for seeking to profit from protests against his government. The Borsa Istanbul Stock Exchange National 100 Index slid 2.5 percent as Turkiye Garanti Bankasi AS, the country’s biggest lender, lost 3.4 percent.

South Africa’s rand declined to the lowest level since March 2009. The nation plans to sell its first foreign-currency bond in 18 months, with analysts forecasting the rand will rebound, reducing repayment costs.

The Hang Seng China Enterprises Index (HSCEI) decreased 0.6 percent, extending declines for a ninth day, the longest losing streak since March 26, 2012. Financial markets in the mainland were closed for a holiday. PetroChina sank a fourth day.

India’s rupee sank to a record as investors favored the dollar on speculation U.S. policy makers will curb asset purchases, triggering concern about inflation in a nation that imports about 80 percent of its oil.

Egyptian shares fell to the lowest in more than 10 months on investor concern anti-government protests will gain momentum as President Mohamed Mursi marks the first anniversary of his election. Commercial International Bank Egypt SAE, the country’s biggest publicly traded lender, slid 4.1 percent.

The extra yield investors demand to own emerging-market debt over U.S. Treasuries slid one basis point, or 0.01 percentage point, to 312 basis points, according to JPMorgan Chase & Co.’s EMBI Global Diversified Index.