As Money Leaves Russian Stocks, China, Other BRICS Benefit

(Reuters) - With the threat of further Western economic sanctions hanging over Russia, foreign investors are deserting Moscow's equity markets and funneling cash into other BRICS states, with China a standout beneficiary. Russia has performed worse than any other big emerging market so far in 2014, with stocks down 17 percent in dollar terms and the ruble losing 9 percent. In the bond market too, anyone who bought ruble-denominated debt this year would have lost 14 percent, according to JPMorgan...