Emerging markets - Markets slide but fundamentals still strong

In US dollar terms, for the month of June, emerging markets declined 10% in lockstep with global markets. Emerging Europe, Middle East and Africa (EMEA) and Latin America declined 7.3% and 7.7%, respectively, while Asia lagged significantly, falling 12.5% owing to its greater sensitivity to developed market economies. Within the EMEA region (also in US dollar terms), Israel held up best, slipping 2.2%, followed by the aggregated markets of the Middle East and Eastern Europe, with decreases of 5.3% and 5.9% respectively. The large markets of Russia and South Africa, meanwhile, were down ...