Emerging markets rally on Fed decision

|By:, SA News Editor

As expected, emerging market stocks post big gains on the back of the Fed's decision to keep the size of its asset purchase program unchanged for the time being.

Indonesian shares rose as much as 7.4% in early action before retreating a bit to trade around 4% higher. Stocks likewise rallied sharply in India (+3%), Thailand (+3%), the Philippines (+2.8%), Malaysia (+1%), and Turkey (+6.2%).

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.

India: INDY, EPI, PIN, INP, INDA, INXX, SCIF, SCIN, INDL, SMIN.

Turkey: TUR.

The Philippines: EPHE.

Thailand: THD, TTF, TF

Malaysia: EWM