China brings down its peers

What started out as a slowdown in China has now spread to other developing markets. So, should you still be buying emerging-market shares?

Emerging markets are "bleeding across the board", says JPMorgan's Sajjid Chinoy. Investors in emerging-market (EM) bonds have lost 5% this year. An index tracking EM currencies lost more than 3% in May, the biggest decline in a year.

The Indian rupee has slid to a record low against the dollar and the South African rand has lost 10% against the greenback in the past four weeks. Stocks have struggled too, unlike their developed-world counterparts. The MSCI Emerging Markets Index has fallen by 10% since early January; it lost over 4% in May.

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