Emerging Markets Start Sending Out Warning Signals Against The Soaring Dollar (Zero Hedge)

• Bloomberg’s Simon White today looks at Turkey and Chile, which “are sending an ominous signal for broader EM equity returns” and may be the first EMs to break as a result of the soaring dollar.
• Chile and especially Turkey have among the highest and fastest rising levels of inflation.
• But now both Turkey and Chile’s stock markets are suddenly tumbling. There are reasons specific to each country that might explain this – a rout in Turkish bank stocks, political and social unrest in Chile. But both countries are facing an increasingly intolerable reversal in capital flows, compounded by rising energy prices and, in Chile’s case, falling copper prices. READ MORE

Similar Posts:

• Copper Mining Opportunities in Peru and Chile (Mobius Blog)
• Chile’s Draft Constitution is Seriously Flawed (FT)
• Analysis: Chile’s Sliding Peso Reflects Tough Battle vs Rampaging Dollar (Reuters)
• Why Emerging Markets are Increasingly Moving to Their Own Rhythms (AP)
• Chile Has Outperformed Other Emerging Markets and the S&P 500 This Year. Here’s How (CNBC)
• Investing in Chile ETFs / Chile ETF List
• When China Sneezes, Latin America Gets the Flu Thanks to Commodities (IPS)
• Copper ETFs Rally on Economic Recovery, Chile Supply Concerns (NASDAQ)
• S&W’s McGrath: Emerging Markets Are at the Perfect Entry Point (FE Trustnet)
• Turkey Closed-End Funds List
• Latin America Slow Descent into Interventionism (Daniel Lacalle)
• Capital Economics: History Says Rally in Emerging Market Stocks is no Dead Cat Bounce (FE Trustnet)
• Investing in Turkey ETFs / Turkey ETF List
• Volatility Storm Adds to Pain for Chile’s Battered Markets (Bloomberg via Yahoo)
• AmCham Chile’s President Talks Up “Consensus,” “Shared Goals,” “Internal Dialog…”