Emerging markets’ sell-off accelerates on China

LONDON,  Jan 24 (Reuters): A sharp sell-off in emerging market currencies accelerated on Friday, setting global stocks on track for their worst week this year with worries mounting over an economic slowdown in China, US monetary policy and domestic political issues from Turkey to Argentina.

Investors fled markets in Asia and Latin America, fearing the impact of slower growth in China, as highlighted by a weak factory activity report on Thursday, and expectations the Federal Reserve will cut further its bond-buying stimulus at a policy meeting next week.