(Bloomberg) -- The iShares MSCI Emerging Markets Index exchange-traded fund extended losses after Federal Reserve officials said they might trim stimulus in coming months. Hungary’s shares slid as the nation fined 11 banks.
The developing-nation ETF retreated 1.4 percent to $41.79, while the MSCI Emerging Markets Index dropped 0.5 percent to 1,019.57. The BUX Index led declines among major Eastern European stocks gauges as OTP Bank Nyrt., Hungary’s largest lender, tumbled. Samsung Electronics Co. and Taiwan Semiconductor Manufacturing Co. drove losses in technology companies. Yields on Poland’s government bonds climbed after Prime Minister Donald Tusk announced changes in his cabinet.