New Year beckons with emerging markets cool on trade, politics

Workers and staff leaving the Bombay Stock Exchange (BSE) building in Mumbai, India. China, the Philippines and India are likely to register continued expansion of their economy in 2020. - Bloomberg

SINGAPORE: Emerging markets are headed into 2020 on a high note even if the US-China trade talks remain a nagging risk for investors.

With the new decade looming, the average yield on developing-nation local-currency bonds is close to an all-time low of 4.12%, while stocks and currencies are at their highest levels since June 2018, underscoring how expectations Washington and Beijing will sign a phase-one trade deal in early January are lifting global sentiment.