30-Jan (The Wall Street Journal) — Until this week, European emerging markets had largely dodged the vicious selloff that has swept through their peers elsewhere. But now they are cracking.
The Hungarian forint took a heavy blow early Thursday, dropping more than 1% against the dollar. The Polish zloty and the Czech koruna also stumbled.
That, say analysts and investors, is a sign that the market’s fear of risk is broad. Whether these bouts of weakness in those countries persist will be a barometer of the wider emerging-market strains.
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