* Chinese equity benchmark ends at near four-year lows
* S&P 500 ends Wednesday 3.3 pct lower, hitting risk appetite
By Aaron Saldanha and Sruthi Shankar
Oct 11 (Reuters) - Emerging market stocks joined a slide in global equities on Thursday, falling to 17-months lows as worries about growth and the future of a long-running U.S. market rally undermined investors' appetite for risk.
Equities in China .SSEC , whose economic and trade prospects have been at the heart of worries this year over the outlook for global growth sank to near-four year lows. .SS
"What we're looking at is a knee-jerk reaction to an unexplained large fall in U.S. equities," said Koon Chow, EM Macro and FX strategist, at UBP.
The S&P 500 and the Dow Jones Industrial Average .DJI saw their biggest daily declines since Feb. 8 on Wednesday, with rises in U.S. bond yields, worries over rising interest rates and comments by U.S. President Donald Trump on rates all feeding nerves.
Volatility in U.S. stocks spiked to six-month highs, but Chow said he still believed the sell-off, as on several previous occasions over the past 18 months, would be short lived and would make for a better buying opportunity in emerging markets.
"The U.S. economy is in a strong shape, so the source of the contagion does not look worrisome," he said.
Data showing Turkey's current account deficit in August reversed to a surplus of $2.592 billion, from a $1.778 billion current account deficit in July, offered some sign that this year's nearly 37 percent slide in the currency may be setting the economy straight. rupee INR= weakened 0.2 percent to resume its slide, after snapping a five session losing run on Wednesday. It is down about 14 percent this year, with rises in the global prices of oil LCOc1, India's biggest import, exacting a heavy toll.
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