Economist Stephen Roach warned effects from any default on Russia’s sovereign debt as a result of the Ukraine crisis would spill over to emerging markets, including China.
Stocks sink and oil prices soar as US and allies consider Russian import ban
Stocks are tumbling on Monday as oil prices soared above $120 barrel to their highest level in 13 years, raising fears about an inflationary shock to the global economy.
China Is Hidden Risk for Emerging Markets Behind Russia’s War
As traders grapple with the breakout of war in Europe, the prospect of a new regulatory crackdown in China is getting lost in the headlines, but potentially poses a larger risk to emerging-market assets.