World Stocks Fall on Emerging Market Woes

Concerns over a sharp fall in emerging market currencies dragged most stock markets lower Friday, as what began as worries over the Chinese economy a day earlier continued to have ripple effects.  A heavy U.S. corporate earnings schedule may influence the tone later in the day, with consumer goods giant Procter & Gamble, tech blue chip Xerox and industrial stalwart Honeywell International all scheduled to issue earnings.

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