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By Bloomberg

Emerging-market stocks fell as lower-than- estimated iPhone shipments dragged down Apple Inc. suppliers and Chinese shares in Hong Kong extended the world’s biggest declines this month. Russia’s ruble weakened.

Hon Hai Precision Industry Co., which makes iPhones for Apple, slid 1.6 percent in Taipei, while Taiwan’s Compal Electronics Inc. and South Korea’s Samsung SDI Co. tumbled at least 6 percent. Hong Kong’s Hang Seng China Enterprises Index sank 1.2 percent on concern slowing economic growth will hurt earnings and state intervention in equities will delay market reforms. The ruble fell 0.4 percent versus the dollar.

The MSCI Emerging Markets Index lost 0.6 percent to 934.36 at 9:08 a.m. in London. Apple reported iPhone sales of 47.5 million iPhones in the fiscal third quarter, trailing analysts’ estimates of 48.8 million. Nasdaq 100 Index futures fell 1.2 percent as Apple slid as much as 8.8 percent in extended U.S. trading. The H-share gauge has fallen almost 10 percent in July, the worst among 93 global benchmarks tracked by Bloomberg.

“Apple is an industry leader and its earnings could indicate that consumers are holding back on spending,” said Jonathan Ravelas, chief market strategist at BDO Unibank Inc. “China can’t keep forever those measures to contain the market’s decline.”

Stock Rout

International investors have soured on Chinese stocks as the nation’s government took unprecedented steps to arrest a rout that erased almost $4 trillion of value. While the measures helped support share prices, critics say intervention undermines the country’s pledge to increase the role of markets in the world’s second-largest economy.

The developing-nation index has fallen 2.4 percent this year and trades at 11.5 times projected 12-month earnings, data compiled by Bloomberg show. The MSCI World Index has risen 3.7 percent in 2015 and is valued at a multiple of 16.5.

All 10 industry groups slid, led by a 1.2 percent drop in technology shares. Hon Hai retreated for the first time in three days and and Catcher Technology Co. fell 4.8 percent. Taiwan shares lost 1 percent. Other Apple suppliers sank. LG Innotek Co. slumped 5.6 percent in Seoul and AAC Technologies Holdings Inc. tumbled 7 percent in Hong Kong.

The Hang Seng China Enterprises index decreased the most since July 15, paced by a 1.4 percent slide in Industrial & Commercial Bank of China Ltd. The Shanghai Composite Index rose 0.2 percent.

Ruble Weakens

Russia’s Micex Index fell 0.4 percent and the ruble slid toward the lowest level since July 9 as oil resumed declines. The FTSE Bursa Malaysia KLCI Index dropped 0.5 percent. South Africa’s FTSE/JSE Africa All Share Index slid 0.7 percent, heading for the worst loss in two weeks. Poland’s WIG20 Index lost 1.3 percent, as copper producer KGHM Polska Miedz SA decreased 3 percent. A Bloomberg gauge of commodity prices sank 0.6 percent.

Abu Dhabi Commercial Bank advanced 2.8 percent, heading for the highest close since Oct. 27, after the lender reported second-quarter profit that exceeded estimates.

Vietnam’s VN Index rallied 2.1 percent, the most since July 2, while India’s S&P BSE Sensex advanced 0.9 percent.

South Korea’s won gained 0.4 percent versus the dollar, rebounding from a two-year low. Thailand’s baht weakened for an eighth day, poised for the weakest level since May 2009. The Turkish lira slid 0.3 percent.