{"id":8935,"date":"2008-10-23T00:00:00","date_gmt":"2008-10-23T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"emerging-markets-fall-as-funds-flee-hungary-ups-rates","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2008\/emerging-markets-fall-as-funds-flee-hungary-ups-rates.html","title":{"rendered":"Emerging Markets-Fall as funds flee, Hungary ups rates"},"content":{"rendered":"<p>Reuters &#8211; Emerging stocks and bonds slid in a panic sell-off on Wednesday as hedge funds dashed to unwind positions, but Hungary&#8217;s central bank tried to throttle a slide in its currency with a three-percentage point rate rise. <\/p>\n<p>The banking crisis that started in developed markets is leading to steep falls in emerging markets, as investors are forced to retrench, analysts and traders say.<\/p>\n<p>&quot;There is a need for hedge funds to withdraw from emerging markets to cover redemptions that are occurring, it is a reversal of the carry trade that is being unwound at a very rapid rate,&quot; said Neil Dougall, chief emerging markets economist at Dresdner Kleinwort.<\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.reuters.com\/article\/usDollarRpt\/idUSLM68871120081022\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; Emerging stocks and bonds slid in a panic sell-off on Wednesday as hedge funds dashed to unwind positions, but Hungary&#8217;s central bank tried to throttle a slide in its currency with a three-percentage point rate rise. The banking [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[3339,3338,1063,3097,117,1456,83,1776,1262,2509],"class_list":["post-8935","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-dexia","tag-dominant-ideology","tag-emerging-market","tag-gasoline","tag-investment-arm","tag-july-1","tag-medallion","tag-patti-cook","tag-star-bulletin-hawaii","tag-tom-rosenberg"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8935","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=8935"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8935\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}