The emerging-market sell-off has engulfed India, but the big picture remains encouraging, and India should ride out this squall.
Turkey’s currency is collapsing. Money is flooding out of the country. Investors have lost all confidence. It’s a prime example of just how important good governance is, says John Stepek.
Investors are worried that Argentina and Turkey could be the first two dominoes to fall in a wider emerging-markets crisis.
Turkish stocks have lost 20% this year and the Turkish lira has slipped by more than 10% against the US dollar.
Vietnamese stocks have produced the best gains in Asia so far this year, with investors enticed by Vietnam’s ‘mini-China’ story”.
Russia may be cheap – but that certainly doesn’t make it good value. If its stand-off with the West goes on, Russia could become a total pariah state in investment terms.
With inflation remaining stubbornly low, there is something of Japan a quarter of a century ago about Thailand.
Corruption, inequality and a reliance on natural resources have prevented sub-Saharan Africa from achieving its potential – but the region is gradually moving in the right direction. Matthew Partridge reports.
Terry Smith’s trust should come into its own during bear markets, says Max King.
Russia’s economy is stagnating, but Vladimir Putin – in power for 18 years and set for six more – shows scant interest in doing anything about it.
If the summit between the US and North Korea is successful and North Korea embarks on China or Vietnam-style liberalisation, South Korean stocks could scoop a “peace dividend”.