Financial Times FT.com

Emerging markets are a dangerous place to be

By John Plender

Published: August 13 2006 19:02 | Last updated: August 13 2006 19:02

A US slowdown will hit them hardest

Investors are fickle folk and their risk appetite, supposedly diminished since May, is becoming curiously variable. Risk aversion is apparent in the rotation still taking place in both

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