Emerging-Market Watchers Say Another Sell-Off Is Approaching
- Next decline most likely to happen in second or third quarters
- Latin America seen as worst-performing emerging-market region
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Emerging markets are likely to see another sell-off later this year, puncturing their recovery from the coronavirus pandemic and adding to losses that have already totaled $3 trillion, a survey has found.
The next selling frenzy in stocks will most probably break out by September, according to the majority of 61 investors, strategists and traders surveyed last month. Latin America is expected to be the worst-performing region for currencies, bonds and equities in the second half. While expecting another round of selling, most respondents still expect an eventual recovery, with a majority seeing assets ending the year higher than current levels.