The Case for Emerging-Market Investing Is Fading in August
- Emerging-market bonds set for worst month since September 2022
- Developing currencies have wiped out most of this year’s gain
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August is turning out to be chaos for emerging markets.
Bonds and stocks from developing economies are poised for their worst monthly losses since last September after Nigeria’s central bank revealed it has less reserves than estimated, an outsider won primaries in Argentina and a presidential candidate was assassinated in Ecuador.