Emerging markets take a tumble

Last week, the currencies of several developing countries plunged, hitting stock markets around the world. Is more trouble brewing? Matthew Partridge investigates.

Why the slump?

At the end of last week, several emerging-market currencies and stock markets slid sharply. Argentina saw the value of the peso plunge as its central bank – albeit briefly – gave up intervening in markets to defend the currency.

The Turkish lira slid amid political turmoil over a corruption scandal, forcing a drastic hike in interest rates by its central bank. China’s wobbly economic growth and more riots in Ukraine also unnerved investors [...]

MoneyWeek magazine

Latest issue:

Magazine cover
Paying by mobile

Why your phone will replace your wallet

The UK's best-selling financial magazine. Take a FREE trial today.
Claim 4 FREE Issues
Shale gas 'fracking' promises to transform Britain's energy market. Find out what it is, what it means, and how to invest.

Which investment platform?

When it comes to buying shares and funds, there are several investment platforms and brokers to choose from. They all offer various fee structures to suit individual investing habits.
Find out which one is best for you.