Skip to content
Subscriber Only
Markets
Economics

EM Review: Flight From Risk Due to Virus Recalled Panic of 2008

  • Oil crash, U.S. travel ban from Europe exacerbate sell-off
  • Fed seeks to calm markets with pledges of extra liquidity
A worker wearing a protective suit stands at a temperature screening point in front of an electronic stock board at the Shanghai Stock Exchange in Shanghai on March 2, 2020.
Photographer: Qilai Shen/Bloomberg
Updated on

Emerging-market stocks fell the most since the financial crisis last week amid concern the coronavirus epidemic will derail global growth, and that central banks and governments aren’t doing enough to contain it. Currencies from oil exporting countries such as Russia and Colombia tumbled after crude prices crashed.

The following is a roundup of emerging-market news and highlights for the week ending March 13: