Emerging markets power to 3-month high

|By:, SA News Editor

Emerging markets power ahead to a 3-month high amid a global rally on the Summers withdrawal news. The MSCI Emerging Markets ETF (EEM) is up 1.1% premarket.

Particularly notable moves include sharply lower Indonesian and Turkish bond yields, and the South Korean won strengthening to a 6-month high,

Indonesia gained 3.4% overnight, Turkey +3%, and the Kospi rose 1%.

The Hang Seng (EWH) jumped as well, +1.5%, though Shanghai closed moderately lower.

Others: The Philippines and Thailand each gained 2.8%.

Emerging market ETFs: AGEM, EEM, ADRE, SCHE, GMM, VWO, DEM, EWEM, PXH, PIE, EWX, DGS, EMLB, EDC, EET, EMSA, EDZ, EEV, EUM, TLTE, HILO, EELV, EEMA, EMFT, DVYE, FEMS, EVAL, EGRW, EMCR, IEMG, EMDR, EEME.

Indonesia: EIDO, IDX, IDXJ.

Turkey: TUR.

South Korea: EWY, FKO, KORU, KORZ.

The Philippines: EPHE.

Thailand: THD, TTF, TF.