From soberlook.com: The reasons behind emerging markets correction:
1. The spectacular decline in shares of Apple has put downward pressure on some of its Asian suppliers and related technology firms.
2. Weaker than expected growth in
China is contributing to the
sell-off (see Bloomberg story from earlier this week).
3. The recent violent commodity sell-off especially in metals and energy is pressuring commodity producers such as
Russia. Russia's export
sector is a one-trick pony, except for some arms sales and a sprinkle of IT
services. That's why with oil sharply lower, the Russian stock market is down
13% year-to-date. Other commodity exporters, from Brazil
to South Africa,
got hit as well….
Find out the rest at http://soberlook.com/2013/04/reasons-behind-emerging-markets.html#ixzz2R1Tg9abt