Economic shifts in US and China batter markets
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Published: Saturday, 25 Jan 2014 | 5:08 AM ET
By: Nathaniel Popper
The ascent of developing countries over the last decade has been fueled by two global trends: the steady rise of China and the willingness of the Federal Reserve to stimulate the economy.
Now, with both trends starting to retreat, investors have been heading for the exits in markets as far removed as Buenos Aires, Istanbul and Beijing, with effects spilling over into the rest of the world.
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