Stocks, bonds and currencies across the developing world are suffering a rout on a scale not seen for years. Asset price valuations look dirt cheap - versus emerging markets' own history and also possibly against their future prospects.
And falls in currencies such as Indian rupee and Brazilian real are a worry, eroding foreign investors' returns from local stocks and bonds.
Yet, even as such fears feed the selling momentum, cheap valuations are starting to catch the eye of some investors who are looking at the sector from the perspective of a few months or even a few years down the road. (more)
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