Emerging Markets Get Thumbs Up After Staring Down Tough Quarter
- Asia stocks favored most in survey, Latin America bonds second
- Mexican peso, yuan, won seen most vulnerable to trade wars
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As the old American Timex watch advertising slogan went, they took a lickin’ and kept on tickin’.
Emerging-market stocks beat peers from developed nations in the first quarter as investors tangled with an escalation in trade tensions, a jump in bond yields and bank-funding costs, and a sell-off in technology stocks. And investors, strategists and traders remain bullish on emerging assets for the rest of 2018, a Bloomberg survey shows.