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Thursday, September 19, 2013

Emerging Market rally as Fed forgoes taper.

Emerging market stocks (EEM) posted big gains overseas on the back of the U.S. Federal Reserve's decision to keep the size of its asset purchase program unchanged for the time being. Indonesian shares (IDX, EIDO) jumped as much as 7.4% early before retreating a bit to trade around 4% higher. Stocks likewise rallied sharply in India (EPI), Thailand (THD), the Philippines (EPHE), Malaysia (EWM), and Turkey (TUR).

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