From fear in Wuhan to oil crash: Six months in emerging markets

Hindustan Times | Jul 1, 2020 at 6:56 AM
  • Emerging markets endured a tumultuous first half as the Covid-19 outbreak made the start of 2020 one of the most unpredictable in decades.
  • As if the pandemic wasn’t enough, traders and investors also had to grapple with the resurgence in US-China tensions and a collapse in oil prices, condemning developing-nation stocks, currencies and bonds to heavy losses over the period.
  • From Brazil to South Korea, officials in emerging markets cut rates to all-time lows, while some introduced unconventional policies.