Emerging-market stocks fell for a second day as industrial companies tumbled and better-than-estimated economic data in China failed to bolster investor confidence in the nation’s equities. Russia’s ruble weakened. Daewoo Shipbuilding & Marine Engineering Co. plunged 30 percent in Seoul on concern the company may report losses and could need to restructure its debt. The Shanghai Composite Index sank 3 percent and Hong Kong’s Hang Seng China Enterprises Index slid 1.3 percent. The ruble, South Africa’s rand and Turkey’s lira lost at least 0.3 percent versus the dollar. The MSCI Emerging Markets Index lost 0.2 percent to 939.03 at 9:07 a.m. in London. China’s gross domestic product expanded 7 percent from a year earlier in the second quarter, beating estimates for a 6.8 percent increase. The Shanghai Composite has slumped 25 percent in four weeks, the world’s worst-performing equity market. Federal Reserve Chair Janet Yellen addresses Congress while Greece’s […]