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U.S.-China Angst Tests ‘Sell in May’ Mantra for Emerging Markets

  • EM assets have declined in May in eight of the past 10 years
  • Brazil, Malaysia, Czech Republic set to cut rates this week
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WEF Managing Director Says EM Markets Facing a Double-Down Twin Crisis
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Even without all the prevailing risks to the global economy, emerging-market investors head into the first full week of May with history against them.

In eight of the past 10 years, May has proved a losing month for stocks, currencies and local bonds in developing economies.