Emerging markets bear brunt of terror concerns following Paris attack

Emerging markets bore the brunt of a clamour for safety as Europe’s worst terror attack in more than a decade exacerbated a sell-off driven by deteriorating global economic growth and looming US interest-rate increases.

A gauge of 20 developing-nation currencies, the MSCI Emerging Markets Index, fell to the lowest level since late September.

Asian air carriers tumbled on speculation that tourists will cut back on travel to Europe, while Turkish Airlines fell 2.6% in Istanbul.