U.S. Markets open in 7 hrs 38 mins

Emerging-Market Sneeze Puts Developed World Immunity in Doubt

Lilian Karunungan
Emerging-Market Sneeze Puts Developed World Immunity in Doubt

As the sell-offs in Turkey and Argentina spread to other emerging markets, doubts that developed markets can retain their immunity are getting louder. JPMorgan Chase & Co. says the vulnerability of mature markets to contagion emanating from developing nations hinges on Asia’s economic resilience. At ING Groep NV the risk is that monetary tightening in many emerging economies could eventually crimp growth and have a knock-on impact for advanced economies.