Emerging markets hang tough during global selloff

More selloff: An electronic board shows stock prices at a private stock trading floor Bangkok. China’s stock market benchmark plunged 5.5 yesterday and other Asian markets were off sharply after the Dow Jones industrials on Wall Street plummeted more than 1,000 points. — AP

WILD price swings this week upended stocks and bonds around the globe, but some of the historically most volatile markets are holding up better-than-expected compared with past global selloffs.

Since US markets reached a high on Jan 26, the S&P 500 index is down 10.2%. Emerging-market stocks performed better during much of the recent selloff. The MSCI Emerging Markets Index is now down 8.6% since Jan 26.