Emerging Market ETFs Rise and Fall on US Rescue Plan

SmartMoney‘s Rob Wherry notes that international markets are closely watching the development of the rescue plan for the US financial system.

In his article Bernanke, Paulson Try to Sell Bailout Plan, Wherry notes that emerging markets reacted negatively over concerns the U.S. government’s plan wouldn’t be able to stop a global economic slowdown. The stock markets in China, India and Russia ran up early in the week before dropping on Tuesday.

Market Vectors Russia (RSX) decreased 4.7% and iShares MSCI Brazil (EWZ) slid 5.4% on Tuesday.

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