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Per my views of active Fidelity funds I check at the end of a trading day; emerging markets have had downward pressure since the end of January. Let this chart of 3 widely held etf's be your guide to any other time frame reactions.
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https://cib.societegenerale.com/en/author-detail/author/kit-juckes/
Let this chart of 3 widely held etf's be your guide to any other time frame reactions.
http://stockcharts.com/freecharts/perf.php?EEM,VWO,IEMG,SPY&n=200&O=011000
SPY added for non-EM reference.