New York — World shares fell for a fifth straight day on Thursday, with emerging-market stocks in their sixth day of declines, as investors braced for an escalation in a trade war between the US and China. The dollar edged down following a bounce in European currencies, though the greenback still received support from concerns about US President Donald Trump imposing further tariffs on Chinese imports. Emerging-market stocks lost 0.29% and were near a 13-month low they hit last month, with these shares confirmed to be in a bear market if the index closes more than 20% below its January 26 high. "You’ve got momentum on the downside for international and its picking up some steam this week [as it did] last week. You have people re-allocating and deciding that the move to go international at the start of the year is now looking terrible," said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. "Relative to the S&P 500, international and emerging market stocks have ...
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