The performance of emerging European markets this year has been strongly influenced by movements of ...
The performance of emerging European markets this year has been strongly influenced by movements of the Nasdaq. However the economic fundamentals are good and still improving and convergence is on track in Central Europe When Nasdaq started to weaken in March, EMEA markets could not hold against trends set in developed markets. The correction of the Nasdaq signalled a decrease in the risk appetite of investors world wide. This was the reason why markets with a high level of foreign ownership (Hungary) suffered most. For Russia in particular, which has comparably low exposure to tech st...
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