South Africa Cheapest of Seven EM Stock Markets Worst Hit by Rout
A visitor looks at a digital screen displaying stock futures price information in the reception area of the Johannesburg Stock Exchange (JSE) in the Sandton district of Johannesburg, South Africa. (Photographer: Waldo Swiegers/Bloomberg)

South Africa Cheapest of Seven EM Stock Markets Worst Hit by Rout

(Bloomberg) -- The $4.5 trillion slump in emerging market equities has dealt the worst blow to South Africa, dragging the valuation of its benchmark index to the lowest level since the Taper Tantrum.
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