Risk-Off Rout Drags Emerging Stocks to Year’s First Weekly Loss

A global flight to safety drove emerging-market stocks to their worst week this year, pulling a key index down from record highs, as volatility spanning commodities and technology shares unsettled investors.

A gauge for developing-nation equities fell 1.4% — its first weekly drop since mid-December — as risk-off sentiment gripped markets, fueled by geopolitical tensions, uncertainty over the Federal Reserve’s policy outlook and concerns about lofty tech valuations.