Turmoil hits emerging markets Investors pulled $4.5 billion out of developing economies in August as share prices plunged following the Chinese stock market implosion Foreign investment flows to emerging markets Africa and Middle East Emerging Europe* Latin America Emerging Asia† Total $22 billion 2010-14 average Dec 2014: Fall in crude oil prices and weaker Chinese demand drives capital flight May-Jul 2015: Investment falls to average of $3bn a month Dec outflow: $17bn Aug outflow: $4.5bn $ billion 45 30 15 0 -15 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug *Austria, Bosnia, Bulgaria, Croatia, Czech Rep., Hungary, Poland, Romania, Serbia, Slovakia and Slovenia. †China, India, Indonesia, Malaysia, Philippines, Thailand and Vietnam © GRAPHIC NEWS Source: Institute of International Finance, Barrons, Bloomberg Business