Emerging Markets Hit Four-Day Low as Oil and US Yields Climb
📡 Bloomberg Markets · 1 min read ·
Part of composite article Oil and Bond Yields Crush Stocks as Dow Drops 600 Points After Fed Rate Hike View full article →
Emerging-market stocks and currencies dropped for a fourth straight session on Wednesday. The continued slump comes as rising global bond yields and high oil prices weigh on riskier assets.
The 5% US Treasury yield and costly crude oil are pulling investors away from developing markets. This shift puts sustained pressure on emerging-market assets.