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:

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Visit Us On TwitterVisit Us On FacebookVisit Us On LinkedinCheck Our FeedVisit Us On Instagram