Global Pendulum Swing Spells Opportunity for Emerging Markets

EMERGING MARKETS SPOTLIGHT | Soft US jobs data and policy rate hikes in Japan triggered a rapid risk-off move across global markets this month, sending emerging markets scrambling amid a market rout. Despite high volatility, price movements have highlighted the potential of emerging markets as drivers of broad domestic demand and local financial markets, which could lead to an upswing — especially if the Fed paves a path to interest cuts.