-
As emerging markets sink into bear territory, one factor could be the tipping point
Emerging markets have been ravaged by the bears. Among the hardest hit, Turkey's TUR ETF has tanked 50 percent this year, China's FXI ETF has tumbled 12 percent and Indonesia's EIDO ETF has plummeted 21 percent. The EEM emerging markets ETF tipped into a bear market on Wednesday after falling more than 20 percent from its 52-week high set in January. One trader says a key factor could trigger the next drop for emerging markets. "It's oil that could be the tipping point that could send everything tumbling down," Boris Schlossberg said Wednesday on CNBC's "Trading Nation." It's "going to create a very, very onerous ... (full story)