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A Tough Year for Emerging Markets Ends With Money in Bank

  • U.S.-China trade tension dominated headlines and market mood
  • Social unrest intensified in Hong Kong and Latin America
America's Busiest Port Gets Ready For Robots In Middle Of Trade War
Photographer: Patrick T. Fallon/Bloomberg
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Emerging markets are about to end a turbulent year in which U.S.-China trade tensions dominated headlines and central banks around the world came to rescue the global economy from falling into a recession.

Stocks, currencies and local-currency sovereign bonds of developing economies are all eking out gains for 2019 after last year’s biggest annual losses in three years. The Vanguard FTSE emerging-markets ETF has gained around 16% this year.