(Bloomberg)--Emerging-market stocks headed for the steepest weeklydrop since June while currencies weakened amid growing concerns that China’s economic slowdown and Russia’s standoff with the West will spur capital outflows.

The MSCI Emerging Markets Index fell 0.9% to 935.10 as of 4:50 p.m. in Hong Kong, extending this week’s loss to 3.3%. The Hang Seng China Enterprises Index posted its biggest weekly drop since October as Tencent Holdings Ltd. and China Citic Bank Corp. slumped. Russia’s Micex Index tumbled to the lowest level since 2010. South Korea’s won and Turkey’s lira lost 0.3% versus the dollar. Indonesia’s equity gauge rallied 3.2% and the rupiah erased losses after Jakarta Governor Joko Widodo received the mandate to run for president.

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