(Bloomberg) -- Most emerging-market stocks declined as homebuilders led Brazil’s Ibovespa to the biggest slump among global equity gauges. Russian stocks slid after Bank of America Merrill Lynch cut its outlook for the nation’s shares.

More than 400 stocks in the MSCI Emerging Markets Index fell, while 379 gained. The gauge dropped less than 0.1 percent to 1,016.19. The iShares MSCI Emerging Markets Index exchange- traded fund rose 0.3 percent as Federal Reserve officials said weakness in the U.S. economy warrants continued stimulus. The Ibovespa fell 0.8 percent as PDG Realty SA Empreendimentos & Participacoes posted a wider-than-forecast loss.

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