No relief for emerging markets

|By:, SA News Editor

An emerging market selloff focused on Argentina and Turkey has begun to spread to other major economies in the developing world.

Indonesian equities sank for a fifth day as policy makers attempted to support the rupiah through measures including interest rate hikes, while South Africa's rand, hit hard by the country’s first economic contraction since 2009, is now the worst-performing emerging market currency this week.

ETFs: EIDO, IDX, EZA, IF

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