Monday 19 August 2013

Good old-fashioned EM sell-offs? | FT Alphaville

Good old-fashioned EM sell-offs? | FT Alphaville: "That’s the Jakarta Composite down more than 5.5 per cent at pixel time on Monday, anyway.











This was being pegged to more bad news late last week on Indonesia’s current account, though reserves have been weakening for a while. Moves more correlated to India?

Seems like only last month people could still see as Indonesian shares as “safe havens”, enough for investment-bank research to try and disabuse them of the idea.


Oh wait — they did! (BofAML chart from July)."

'via Blog this'

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