Emerging markets under pressure from King dollar
(WorldNews Business)

European stock markets opened with marginal gains this morning following a sell off on global stock markets yesterday, which continued overnight in Asia. Emerging market stocks went into bear territory, which is defined as a pullback of 20% from their peak. The US dollar hit a 13 month high and sterling slumped again. Much of the blame for the souring sentiment has been placed at Turkey's door. However, the lira stabilised...