Prospects of a Trump win and huge tariffs spark worst sell-off for emerging market stocks in 10 months

Photo caption: Trump declared that there “WILL BE NO THIRD DEBATE” in a post on Thursday. Photo credit: Chip Somodevilla / Getty Images. Article by Kelly Cloonan. Markets Insider – October 24, 2024.

• Emerging markets stocks are set for their worst monthly decline since January.
• The slump comes as investors price in higher odds of a Trump win in the upcoming US election.
• Trump has pledged to drastically raise import tariffs to as high as 20%, and up to 60% for China. […]

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