Tide goes out for emerging assets

Emerging markets have become less appealing to investors as the Fed moves to curtail its money-printing programme.

Emerging markets slumped this week. Indonesia's stock market lost almost 10% in two days. Its currency, the rupiah, has hit a four-year low against the dollar. Thailand's SET stock index slid by over 3% on Monday as the economy fell into recession. India's currency, the rupee, fell to a record low against the greenback. Brazil's real has also fallen sharply this month.

What the commentators said

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