I continue to believe that divergence will persist. The expert prefers to divides EMs into commodity markets and technology markets such as South Korea, Taiwan and to an extent China. India unfortunately is underrepresented in both the cases, Sharma told ET Now.“Of course, you have financials, which in India dominate. If you look at the commodity markets like Brazil it is up 80 per cent in dollar terms. Bond yield rates are already surging due to high oil prices, Sharma said.

Source: Economic Times March 12, 2018 11:03 UTC