Emerging-Market Serenity Offsetting Brazilian Turmoil
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The anxiety over emerging-market stocks has subsided, and even Brazil’s election results are just a blip in the larger world of developing countries.
Seven days after climbing to a 16-month high, the Chicago Board Options Exchange Emerging Markets ETF Volatility Index, used to gauge investor trepidation, had its biggest weekly drop in almost three years. The gauge ran off eight consecutive days of declines, the longest streak on record.