New York — Equities around the world took a dive on Wednesday, with emerging-market stocks set to confirm a bear market and the dollar hitting a 13-month high, while weakness in China’s yuan rattled investors’ nerves.While fears of a crisis in Turkey still loomed, China was in sharp focus as the yuan sagged nearly 0.8% to 6.9467 to the dollar, hitting its weakest level since January 2017 following disappointing economic data earlier this week.The data stoked speculation whether the People’s Bank of China would intervene with more fiscal stimulus to stem its currency from breaking through the seven-yuan mark."Today investors are waking up to the idea that the situation in China may be pretty impactful as far as global markets go," said Emily Roland, head of capital markets research at John Hancock Investments. "With China being the engine of global economic growth, if you start to see their currency weaken significantly because of the slowdown we’re seeing there and you start to see ...
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