Five Things Everyone Will Be Talking About Today

Emerging markets still feeling China's pain, the ringgit's fall brings back memories and Merkel gives a thumbs up to Greece. Here are some of the things that people in markets are talking about today.

Emerging markets continued to see fallout from China's shift last week to a more market-oriented exchange rate, raising bets that Asian nations will weaken their currencies. The MSCI Emerging Markets Index lost 1 percent, dropping to its lowest level since October 2011, while foreigners pulled funds from mainland stocks traded in Hong Kong. Taiwan’s dollar fell, while a gauge of 20 exchange rates fell to a record low.