$EEM's drop and $BRN's small bounce

Watching $EEM at 63.33, the -1.97% today after that weak China manufacturing data really hammers home the EM growth concerns. Meanwhile, $BRN seeing a small bounce to 1.07 but not enough conviction to overcome last week's slump. It feels like the market's still trying to price in a clear direction on global demand; definitely keeping defensive plays on the radar for now.