Emerging markets were hit hard in the wake of the big selloff last week, with currencies and local equities moving lower. The Philippines, with outspoken political leadership, is suffering from a lack of investor confidence while Mexico has also gotten slammed over the past week. In the best performers table, oil and other Energy commodities are strongest ETF gainers of the past week while Japanese yen, Hong Konh, and the Biotechs have also performed well versus five days ago.

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