Losses in emerging-market stocks and bonds deepened as the rise in US Treasury yields and concern about a wider conflict in the Middle East pushed investors to unload riskier assets.
Years of mass migration from Zimbabwe has gained fresh impetus as an economic meltdown continues unabated, further denuding the country of the scarce skills it needs to engineer a turnaround.
Philippine central bank Governor Eli Remolona signaled officials are intervening to defend the peso at the 57-per-dollar level to prevent the currency from weakening further.