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Emerging Markets

EM equities, debt, and macro risks.

Wooden letter tiles spelling 'BENCHMARK' placed on a grid-like wooden background.

Emerging Markets8 de noviembre de 20264 min de lectura

Indian Benchmarks Surge Over 2% as Falling Oil and Earnings Boost Sentiment; Nifty Logs Best Week Since 2021

Indian stocks rallied sharply Friday, capping their biggest weekly gains in nearly six years, as falling crude prices and a rotation out of AI-linked global equities drove foreign inflows into banking and financial shares.

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Thomas Whitaker

Flags of European Union countries outside a modern building facade.

Emerging Markets7 de noviembre de 20264 min de lectura

Developing nations' external debt nears $9.4 trillion as borrowing costs surge, raising stability fears

The external debt of low- and middle-income countries hit a record $9.4 trillion in 2025, with Pakistan, Nigeria and Uzbekistan among nations seeing sharp increases, as the World Bank warned rising borrowing costs threaten essential spending.

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Grace Tan

Close-up of a typewriter typing 'Elections 2020' outdoors.

Emerging Markets7 de noviembre de 20266 min de lectura

Markets Recalibrate as Democratic Sweep Reshapes AI, Fiscal Outlook

U.S. futures swung from a sharp selloff to a broad rally as investors digested Democrats' capture of both chambers of Congress, weighing tighter AI regulation against a divided government's fiscal restraint. The dollar tumbled, gold surged above $4,000, and tech-heavy Asian indexes plunged.

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Marcus Chen

Scrabble tiles spelling 'China' and 'Tariffs' symbolize global trade issues.

Emerging Markets22 de octubre de 20264 min de lectura

China's Record Trade Surplus Draws EU Backlash as Export Dependency Deepens

China's September exports surged 36%, generating a $938 billion trade surplus and pushing the economy toward a second straight record year, but weak domestic demand and escalating EU retaliation threaten the export-driven growth model.

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Grace Tan

Close-up of roasted chestnuts with a Turkish flag toothpick, showcasing a popular Turkish snack.

Emerging Markets22 de octubre de 20265 min de lectura

Turkey Detains 26 in Fund Scandal Probe as Minister Vows Recovery and Stronger Oversight

Turkish police detained 26 people including a former finance ministry official and investment fund executives Wednesday, as Treasury and Finance Minister Mehmet Şimşek said all profiteers from the multibillion-dollar scandal have been identified and that authorities will strengthen market oversight.

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Grace Tan

Emerging Markets22 de octubre de 20264 min de lectura

China’s Record Trade Surplus Fuels EU Backlash, Threatens Export-Led Model

China’s trade surplus hit a record $US938 billion in September as exports surged 36%, but weak domestic demand and mounting European retaliation are exposing the vulnerability of Beijing’s export-dependent growth strategy.

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Grace Tan

Emerging Markets22 de octubre de 20265 min de lectura

Turkey Detains 26 in Fund Scandal Probe, Minister Says All Profiteers Identified

Turkish police detained 26 people including investment fund executives and a former Finance Ministry official in an investigation into a multibillion-dollar scandal that has shaken confidence in Turkey’s capital markets. Finance Minister Mehmet Şimşek said all individuals and companies that profited from the alleged market manipulation have been identified and will be pursued.

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Grace Tan

A view of Korghos Port featuring the Chinese flag on a sunny day.

Emerging Markets21 de octubre de 20264 min de lectura

China’s export juggernaut turns into its biggest vulnerability as EU weighs market shutdown

China’s record export surge is masking deep domestic weakness and drawing the European Union, its largest open market, toward sweeping retaliation that could threaten the foundation of its growth model.

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Grace Tan

A large pile of scrap metal and waste at a landfill against a cloudy sky.

Emerging Markets21 de octubre de 20264 min de lectura

China's Record Surplus Spurs European Pushback, Trade-War Risk

Chinese exports surged at their fastest pace in more than a decade and a half in September, delivering a record trade surplus — and provoking European curbs that now threaten the export model underpinning Beijing's growth.

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Grace Tan

Close-up of a metal door with striking yellow and black diagonal stripes and a metallic handle.

Emerging Markets21 de octubre de 20264 min de lectura

Chevron, BP lead Big Oil's return to Iraq as richer terms open new supply front

Chevron, BP and TotalEnergies are moving billions into Iraqi oilfields as Baghdad offers production-sharing-style terms — a bet that the country will emerge from the US-Iran war as a major supplier.

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Grace Tan

Drone shot showcasing large industrial storage tanks from above.

Emerging Markets21 de octubre de 20263 min de lectura

Big Oil Returns to Iraq Amid US-Iran War, Betting on New Contract Terms and Output Surge

Chevron, BP, ConocoPhillips and TotalEnergies are moving into Iraq with new production-sharing-style contracts, aiming to boost output capacity to 5.5 million barrels per day by 2030, according to a Bloomberg Opinion column. The influx comes despite the ongoing US-Iran conflict and could reshape global supply and OPEC dynamics.

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Thomas Whitaker

A close-up view of various international banknotes showcasing diverse currencies.

Emerging Markets20 de octubre de 20265 min de lectura

IMF, World Bank meetings leave developing world without answers on debt, conflict and AI risks

Last week's IMF and World Bank annual meetings in Bangkok ended with no new answers for developing countries squeezed by rising debt payments, spreading conflict and an AI boom that risks leaving them further behind.

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Lin Mei

Emerging Markets20 de octubre de 20264 min de lectura

IMF, World Bank Meetings Leave Developing Economies With More Questions Than Answers

The global lenders offered familiar prescriptions in Bangkok while debt-service costs, war risks and AI uncertainty piled up for lower-income countries.

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Grace Tan

Vibrant Chinese New Year festival celebrations at a temple in Singkawang, Indonesia, with a lively crowd and festive decorations.

Emerging Markets20 de octubre de 20264 min de lectura

Indonesian stocks hit six-year low as MSCI expulsion threat sparks panic selling

Jakarta's benchmark index fell more than 5% Monday to a six-year low after MSCI warned it may strip Indonesia of emerging-market status, deepening a rout that puts foreign investors on track for their biggest annual pullback in over a decade.

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Marcus Chen

Emerging Markets19 de octubre de 20265 min de lectura

IMF, World Bank Meetings Leave Developing Nations in the Dark on Debt, Fiscal Policy

The annual meetings in Bangkok produced the usual austerity advice but no concrete blueprint for lower-income countries confronting debt strain, AI disruption and overlapping wars — leaving policymakers with "more questions than answers."

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Elena Voss

Emerging Markets19 de octubre de 20264 min de lectura

IMF, World Bank Meetings Yield No New Answers for Developing Nations on War, Debt, and AI Risks

Last week's annual meetings in Bangkok left lower-income countries with familiar advice but little concrete guidance on multiple crises, as debt-servicing costs double and growth slows sharply.

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Lin Mei

A man hides an engagement ring behind his back, preparing to propose on a beach in Phu Quoc.

Emerging Markets18 de octubre de 20264 min de lectura

MSCI Proposes Expelling Indonesia From Indexes, Triggering Record Equity Rout

MSCI stunned global investors by proposing to remove Indonesia from its stock indexes and downgrade it to "standalone" status, wiping $65 billion from Jakarta equities in the biggest one-day drop since 1998 and threatening a wave of capital outflows that could reach $19 billion.

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Grace Tan

Two professionals engaged in a teamwork meeting, discussing documents and finance.

Emerging Markets12 de septiembre de 20264 min de lectura

BRICS Finance Chiefs Demand IMF Reform, Push Local-Currency Payments Amid Tariff Threat

BRICS finance ministers and central bank governors called for greater emerging-market representation at the IMF and World Bank, condemned unilateral tariffs, and advanced work on cross-border payment interoperability and local-currency settlements, as the group sought to insulate itself from rising trade fragmentation and geopolitical tensions.

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Catherine Reed

Emerging Markets12 de septiembre de 20264 min de lectura

BRICS Finance Chiefs Call for IMF Reforms, Local-Currency Settlements; Criticize Unilateral Tariffs

Finance ministers and central bank governors from BRICS nations demanded greater representation for emerging economies in the IMF and World Bank, pushed for local-currency trade settlements, and condemned unilateral tariff actions as inconsistent with WTO rules.

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Grace Tan

Asian businessman in a suit gazes through a car window showing city reflections.

Emerging Markets22 de agosto de 20265 min de lectura

Evergrande Founder Hui Ka Yan Sentenced to Life, Record Fines Signal Withering of China's Property Boom Era

A Chinese court on Thursday sentenced Evergrande Group founder Hui Ka Yan to life in prison and imposed fines totaling $1.3 billion on his company, in a landmark ruling that analysts say formally closes the chapter on the debt-fueled property model that powered China's growth for two decades.

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Grace Tan

Detailed macro shot of multiple US dollar bills showcasing intricate currency design.

Emerging Markets21 de agosto de 20264 min de lectura

US National Debt Hits $40 Trillion; Treasury Moves to Cap Yields

The U.S. national debt surpassed $40 trillion on Wednesday, according to multiple reports, as interest costs soar and Treasury Secretary Scott Bessent announced fresh support for longer-dated bonds to stem a surge in yields.

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Grace Tan

Emerging Markets21 de agosto de 20264 min de lectura

US National Debt Hits $40 Trillion as Interest Costs Surge and Treasury Steps In to Curb Yields

The Treasury announced total public debt surpassed $40 trillion for the first time, jumping $60 billion in one day, adding the last $1 trillion in just over three months. The milestone arrives as the cost of servicing the record debt load accelerates and the Treasury launches new buyback operations to support longer-dated securities.

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Grace Tan

Street signs in Tokyo's Chiyoda Ward showing directions to Chidorigafuchi and Shutoko. Urban traffic concept.

Emerging Markets20 de agosto de 20264 min de lectura

Japan Bond Rout Pressures Prime Minister Takaichi's Fiscal Strategy, Analysts Warn

The 10-year JGB yield is nearing 3%, a level the government used as its budget assumption, threatening the premise that growth will outpace borrowing costs. Analysts say available tools are temporary patches as inflation and an expansionary fiscal stance complicate the BOJ's policy response.

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Wei Zhang

Emerging Markets20 de agosto de 20264 min de lectura

Japan's bond rout threatens Takaichi's fiscal strategy as 10-year yield nears 3%

Japan’s benchmark 10-year government bond yield is on the brink of hitting 3% for the first time since the mid-1990s, testing Prime Minister Sanae Takaichi’s assumption that economic growth will outpace borrowing costs and raising the specter of debt-servicing costs surging past the government’s budgeted 31 trillion yen.

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Grace Tan

A minimalist interior featuring a blue sofa against a white wall with the number 10.

Emerging Markets3 de agosto de 20264 min de lectura

Nine of top-10 firms add Rs 2.51 lakh crore in market cap; Bajaj Finance leads on strong earnings

The combined market valuation of nine of India’s 10 most-valued companies rose Rs 2.51 lakh crore last week, led by Bajaj Finance after its June-quarter profit jumped 28%. Hindustan Unilever was the only loser.

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James Holloway

Close-up of a library shelf with books on internet and technology. Ideal for education-themed projects.

Emerging Markets2 de agosto de 20265 min de lectura

Nigeria to Publish Subsidy Savings Breakdown as Debt Costs Absorb Fiscal Windfall

Finance Minister Taiwo Oyedele pledged a detailed public account of funds from fuel and forex subsidy removal, saying savings of roughly 5% of GDP have been consumed by higher debt-servicing costs, a doubled wage bill, and student loans. Labour unions rejected the explanations and demanded an independent audit.

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Olivia Bennett

Protestors in Oshun, Nigeria join a rally against governance demanding legislative reforms and fair wages.

Emerging Markets1 de agosto de 20264 min de lectura

Nigeria defends subsidy removal savings use, targets $1 trillion economy by 2030

Finance Minister Taiwo Oyedele said savings from fuel and forex subsidy removal were absorbed by higher debt-servicing costs and increased spending on wages and student loans, while reaffirming the government’s target of a $1 trillion economy by 2030 as achievable.

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Elena Voss

A young woman plays an arcade game in a lively Seoul gaming center at night.

Emerging Markets31 de julio de 20264 min de lectura

Korea to Cap Single-Stock Leveraged ETFs to Curb Retail-Driven Volatility

South Korea will limit retail investors’ exposure to single-stock leveraged ETFs, including a potential 20% portfolio cap, after the products were blamed for fueling a market rout that erased billions of dollars in value.

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Grace Tan

A digital glass weighing scale with a blue measuring tape, symbolizing weight management.

Emerging Markets31 de julio de 20263 min de lectura

South Korea Weighs Cap on Single-Stock Leveraged ETFs in Retail Portfolios

South Korea’s financial authorities announced plans to limit retail investor exposure to single-stock leveraged ETFs and raise trading costs, blaming the products for amplifying a market rout that has erased about 40% from the Kospi.

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Grace Tan

A close-up view of custom hat embroidery at a store in Seoul, highlighting creativity.

Emerging Markets30 de julio de 20264 min de lectura

South Korea caps single-stock leveraged ETFs, vows emergency steps after Kospi rout

South Korea announced new curbs on single-stock leveraged ETFs, including a potential 20% cap on individual portfolios, after the Kospi plunged about 40% from its June peak and triggered a second straight day of circuit breakers.

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Grace Tan