Economics

New Front in Trade War Means No Reprieve for Emerging Markets

Widening trade war to capital markets a huge risk: NatWest
EM currencies head for their worst quarter since June 2018

India's Rupee Drops to Record Low as Crude Oil Prices Advance — Photographer: Dhiraj Singh/Bloomberg

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By Netty Idayu Ismail, Marcus Wong, and Sydney Maki

September 29, 2019 at 1:23 PM UTC

Updated on

September 30, 2019 at 5:27 AM UTC

This article is for subscribers only.

Emerging markets are heading into the fourth quarter in the shadow of one of the most perilous phases in the U.S.-China trade dispute.

Bloomberg’s report last week that the Trump administration is said to be considering choking off portfolio flows to China has posed a fresh riddle for traders at the start of a week that includes an Indian interest-rate decision and a key Turkish inflation reading. And U.S. payrolls numbers come Friday.