Predictions:
Esther Law at Societe Generale said the Fed did the bare minimum extending operation twist, which will be perceived as short-term negative for risky assets, including global emerging markets. Law said China’s manufacturing sector, especially small and medium-sized factories, continued to slip.
JPMorgan raised Indian equities to overweight from neutral.
Read the full article at http://www.bloomberg.com/news/2012-06-21/emerging-stocks-drop-most-in-2-weeks-on-china-data-fed.html