Jul 27 2021, 12:57 PM
July 27 2021, 6:22 AM
July 27 2021, 12:57 PM
(Bloomberg) -- Chinaâs stock selloff has caused emerging-market equities to erase all their gains for the year.
(Bloomberg) -- Chinaâs stock selloff has caused emerging-market equities to erase all their gains for the year.
The MSCI Emerging Markets Index -- which has more than a third of its weighting in China -- wiped out what was left of its 2021 advance after sliding 2.4% on Monday. Strategists are divided on the outlook. State Street Global Markets prefer developed markets as they are ahead in vaccination rates, while AllianceBernstein says EM assets will be supported by a recovery in risk appetite.