Posted on 29/03/05
Greenback haunts emerging markets
Tough-talking Federal Reserve Board chairman Alan Greenspan has investors in emerging markets questioning their appetites for risk after three years of gorging on outsized returns.Stock market indexes from Turkey to India to South Africa have slumped in recent weeks and the declines may gather pace, some analysts argue, as higher U.S. interest rates and mounting inflation fears prompt many investors to seek shelter from increasing volatility.
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