Fri, Sep 20, 2013 - Page 13 News List

Emerging markets lead rally in Asia

WELCOME NEWS:The main beneficiaries of the news the Fed would continue its bond-buying program were emerging economies, which have suffered a torrid few months

AFP, HONG KONG

The Fed decision “may foster expectations that capital outflows from [emerging markets] can stop or even reverse,” Barclays Capital said in a note, Dow Jones Newswires reported.

“This should be particularly supportive for the currencies and rates markets of countries with higher current account deficits,” such as India and Indonesia, the note said.

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