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South Africa cheapest of seven worst-hit emerging stock markets

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The $4.5 trillion slump in emerging market equities has dealt the worst blow to Africa, dragging its valuation of their benchmark index to the minimum level since Taper Tantrum.

When national finance industry is weighed against their own historical valuation levels, in accordance with price as a multiple of projected earnings, Asia and Africa appear the worst from a sell-off that began in January pushed the third world in to a bear market. Money managers often cite Africa as the most open and liquid emerging market, explaining why it will suffer by far the most in a rout.

The fast-growing economies of India and Philippines have not been spared either when they slipped to deeper lows. At this reckoning, most Latin American investing arenas are relatively stable.


Lowest valuation since

South Africa June 2013, Pakistan October 2013, Philippines January 2016, Egypt March 2016, Taiwan May 2016, India February 2017, Greece December 2017.?

? 2018 Bloomberg L.P

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