Emerging market stocks continued their decline for the 4th straight day as pessimism over central bank policy weighs heavy on the minds of investors.
The MSCI Emerging Markets Index fell 0.3 per cent to a six-week low, while currencies fell as well.
Malaysia's ringgit, Indonesia's rupiah, and the Philippine's peso led emerging markets in lost value.
"For now we have some volatility back, so we have to see how this plays out. It looks like the market was quite complacent on U.S. rates and the U.S. election, and also European rates because the selloff really accelerated after the ECB meeting (that didn't flag new stimulus push)," said Aberdeen Asset Management portfolio manager Viktor Szabo.
Read more at Reuters.