Seeking Alpha

Emerging markets lower following the Fed

  • A check of Asian emerging markets overnight following the FOMC and Yellen suggesting the first hike in rates in maybe one year finds them lower, but not out of line with the rest of the global selloff.
  • Indonesia -2.5%, Thailand -0.2%, Philippines -0.7%, India -0.4%.
  • ETFs: EPI, THD, EPHE, IDX, INDY, EIDO, SCIF, PIN, INP, INDL, INDA, INXX, IDXJ, SCIN, SMIN
  • The EEM is off 0.7% premarket after yesterday's 2.1% decline.
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