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Investors Flee Emerging Markets After Trump Victory

FYI: Investing in Mexico, China and other emerging markets has never been for the fainthearted. Big swings have been a hallmark, caused by everything from the 1994 "tequila crisis" where Mexico devalued the peso to Russia's default on its debt in 1998.

Here's the latest addition to the list: Donald Trump's victory on Tuesday, which some analysts are calling an "orange swan" event for emerging markets. Trump's election was unexpected, and investors were unprepared for it — the kind of event that economists liken to seeing a black swan for the first time — and it has caused stock markets to tumble from Mexico City to Seoul. As investors try to piece together what a Trump presidency will mean for stocks, a growing consensus is that emerging markets will be some of the biggest losers, at least in the short term.
Regards,
Ted
http://bigstory.ap.org/article/8f4c2a90ffe74feab60fe54b0866f21a/investors-flee-emerging-markets-after-trump-victory
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