Developing-nation stocks dropped the most in eight days as lower raw-materials prices damped the earnings outlook for commodities producers. The MSCI Emerging Markets Index fell 0.9 percent, the steepest retreat since Sept. 14, to 910.29 at 8:19 a.m. in London. South Korea’s Kospi Index decreased as much as 1.8 percent, the most in intraday trading in three weeks. OAO Lukoil, Russia’s second-biggest oil company, slid 1.3 percent, leading the nation’s benchmark Micex Index down 0.6 percent. A U.S. government report showing a larger-than expected increase in fuel stockpiles pushed crude as much as 1.3 percent lower in New York to $68.10 per barrel. Copper prices retreated in London on higher inventories and a rebound in the dollar, reducing the demand for metals as an investment. Mol Nyrt., Hungary’s biggest refiner, slumped 2.1 percent, helping send the nation’s BUX shares index down 1.6 percent. Poland’s WIG-20 Index slumped 0.8 percent. The ruble retreated 0.2 percent from its strongest level this year against the dollar on lower oil, Russia’s chief export. To contact the reporter on this story: Zijing Wu in London zwu17@bloomberg.net.

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