Wednesday, August 28, 2013

Foreigners pull out of emerging markets

Manila - Emerging market stocks tumbled to six-week lows yesterday on concerns that capital outflows will accelerate as Syria’s conflict intensifies and south-east Asian economies slow. India’s rupee and the Turkish lira weakened to all-time lows. The Philippine Stock Exchange index fell 4 percent amid speculation that protests over discretionary government budgets will slow state spending. Thailand’s benchmark index sank to more than 20 percent below this year’s high, while the Jakarta composite index lost... more »


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