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Nearly $3 billion yanked from emerging markets this week: IIF By Reuters

G20 heads to stop short of denouncing protectionism in communique: Nikkei

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Nearly $3 billion yanked from emerging markets this week: IIF By Reuters


Nearly $3 billion yanked from emerging markets this week: IIF

LONDON (Reuters) – The U.S.-China trade war escalation has seen nearly $3 billion yanked out of emerging market stocks and bonds this week, financial market flow tracker the Institute of International Finance has estimated.

The rising tensions have seen international investors pull a total of $6.8 billion out of developing markets since last Thursday it added, including more than $2 billion from Chinese equities.

“The current reversal looks similar to the ‘trade tantrum’ experienced in May of this year​​​​​​,” the IIF said.

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