Bear In the Woods: Emerging Markets Credit Crisis

23
Oct

Bear In the Woods: Emerging Markets Credit Crisis

On September 6, 2018, the MSCI Emerging Markets (EM) Index — which tracks stocks in 24 of the world's largest developing economies — dropped 20% below its January high, a level of decline that is commonly considered a bear market.1 Hong Kong's Hang Seng Index reached the same negative milestone a few days later. China's benchmark Shanghai Composite entered bear territory
Read more