Assets continue decline

Emerging market assets continued their decline as the price of oil fell and Japanese bonds faced a massive selloff.

US crude maintained its price at just under $40 per barrel, while overall oil prices fell across the commodities markets.

Last week's Bank of Japan meeting, which announced as a result a less than expected stimulus, prompted a massive selloff of Japanese government bonds.

The selloff was the largest in over three years.

While assets and emerging market stocks took a hit, the MSCI Emerging Markets Index continued to outperform developed stocks as it maintained year-to-date gains of almost 10 per cent.

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Read more at Reuters.