INSUBCONTINENT EXCLUSIVE:
on the developing world.
The scope of the slide, as measured in the number of days from peak to trough, is pushing some strategists to say
the slump is more than just a kneejerk reaction to higher US interest rates or the unfolding trade war
terms of percentage change, that yields only a limited perspective on factors driving the markets -- or the potential for recovery
Short, intense sell-offs often lead to short, intense rebounds, lulling investors into a false sense of resilience
Lingering downtrends upend futures and options contracts, forcing traders to take losses
over avoiding a falling knife
And that, in turn, can persuade money managers who treat emerging markets as one homogeneous group to sell weak and strong markets in
tandem, no matter their specific fundamentals.
