As US Stocks Soar, Emerging Markets Plunge

The U.S. stock market has soared to record levels recently, pushing forward toward the 10th anniversary of the beginning of the current bull market.

Many investors have been worried about the potential for a big downturn. Yet when you look beyond the borders of the U.S., you can already find many bear markets in what were formerly some of the highest-growth areas of the world.

Emerging markets have been under pressure in 2018, as a combination of rising U.S. interest rates and the threat of global trade barriers has caused a major reversal in interest in emerging market stocks.

With many emerging market nations having relied on borrowing in U.S. dollars, currency crises have hit two countries especially hard.

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Source: USA Today