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SSE's Drop: Broader EM Contagion or Isolated Incident?
The recent $SSE drop to $0.1567, down nearly 20% today, is certainly a head-turner. While there are specific local factors at play, it begs the question if we're seeing early signs of broader EM capital flight or if this is an isolated incident for a particularly vulnerable asset. My watchlist is heavy on EM sovereign bonds and I'm keen to see if this weakness extends to other APAC names by end-of-week, especially with renewed dollar strength. It's too early to panic, but definitely warrants a closer look at correlation across the EM basket.
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