Investors Wake to Tumbling Markets Asking: Where's My Haven?
- Even east Europe's outperformers rocked by global turmoil
- Philippines trading halted; India drops most in six years
Finding the Silver Lining in This Stock Selloff
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As devastation spread across emerging markets last week, investors sought safety in such unlikely places as Poland, India and the Philippines. Today, even those havens have been battered.
“There are few if any positive shoots to hold on to right now," Nathan Griffiths, a senior emerging-market equities manager who helps oversee about $1.2 billion at NN Investment Partners in The Hague, said by e-mail.