Suffering Emerging Markets Can Bounce Back From the Depths
Asia’s emerging-market stocks are on track to outperform peers elsewhere in the world by the greatest margin in a quarter of a century this year, as stocks in East Asia’s manufacturing hubs steam ahead. But that yawning crevasse could narrow in the months ahead.
Stocks included in the MSCI EM Asia index are up 17.5% in dollar terms this year, while the MSCI EM ex-Asia index is down 19.9%. That leaves the largest gap between the two since the Asian financial crisis in the late 1990s.