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Emerging markets tumbled in the second quarter after a stronger dollar and higher U.S. interest rates led many investors to flee from riskier investments in the developing world.

The MSCI Emerging Markets stock index fell 8.5% over the past three months, the index’s worst quarterly performance since the third quarter of 2015. Emerging-markets bonds lost 3.6% in the J.P. Morgan EMBI Global Diversified, a benchmark bond index.

OTHER NEWS

THE CHINA CHALLENGEThe United States is right to be concerned about Chinese investment in Africa. According to the consulting firm McKinsey, more than 10,000 Chinese companies now do business on the continent, earning approximately $180 billion each year. Although the United States still has more foreign direct investment stock in Africa, Chinese investment in the […]

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