Currency exchange values are seen on a buy-sell board at an exchange bureau in Buenos Aires on May 07. The Argentine peso appeared to have stabilised at the beginning of the week, after a run on the currency last week prompted the central bank to intervene. Photo: AFP
Tai Hui
Opinion

Opinion

Macroscope by Tai Hui

Don’t panic: emerging market volatility is not a sign of another 2013 ‘taper tantrum’

Tai Hui says Argentina’s interest rate hikes and steep losses for some currencies may lead investors to fear a repeat of 2013 is under way, but abandoning emerging markets would be an overreaction

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Currency exchange values are seen on a buy-sell board at an exchange bureau in Buenos Aires on May 07. The Argentine peso appeared to have stabilised at the beginning of the week, after a run on the currency last week prompted the central bank to intervene. Photo: AFP
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