Trade spat: Emerging-market equities slid into a bear market this year as escalating trade tensions between Washington and Beijing led investors to flee riskier assets. — AFP
NEW YORK: Trade bear David Woo says he wouldn’t touch emerging markets (EMs) “with a 10ft pole.”
The Bank of America strategist is the most worried about volatility in global markets – particularly in the developing world – since the 2008 financial crisis.
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