Emerging markets' attraction is fading in August

Bonds and stocks from developing economies are poised for their worst monthly losses since last September after Nigeria’s central bank revealed it has less reserves than estimated, an outsider won primaries in Argentina and a presidential candidate was assassinated in Ecuador. The upheaval, alongside a jump in US Treasury yields and dismal economic data in China - with the government ramping up efforts to stabilize markets last week - is forcing investors to re-examine the case for riskier asset …

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