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Here are some of the things people in markets are talking about.
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The emerging-market pain continues as a bear market for EM shares looms. China’s savers are turning to a traditional haven in the selloff. And a U.S.-South Korea trade deal may be imminent. Here are some of the things people in markets are talking about.
The rout in emerging markets showed few signs of abating, even as some of the worst-hit currencies took a breather, as an index of stocks slipped toward bear territory and a basket of currencies traded near its lowest since May 2017. The MSCI Emerging Markets Index of shares extended its slide to 19.7 percent from a January peak. Among the worst-hit stock markets were in Saudi Arabia and Indonesia, where benchmark indexes tumbled by the most in about two years. The Argentine peso and the Turkish lira, which have led global losses this year, eked out gains as the nations took measures to curb the damage. The declines added to concern that investor anxiety is beginning to infect markets whose economies are relatively robust.