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Deflationary fallout begins to emerge in this one place no one was expecting.

Eurodollar University

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China's Reopening Drives a Year of Asset Out Performances

Emerging market bulls betting that China's reopening would drive a year of asset out performances are seeing their dreams turn into dust. The benchmark gauge for developing nation stocks has not only tottered up losses of more than 7% since a peak in January, but is also underperforming its rich nation counterpart by the most in three years. And the sell-off is spreading to nations with the closest trade ties to China, such as South Korea and South Africa.

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