In developing markets, the sale of shares lasts for 222 days already, of currencies - 155 days, of currency bonds - 240 days, Bloomberg reports. This is the largest sale of assets since the financial crisis of 2008. Some strategists argue that the scale of the current collapse for investors in the assets of developing countries has become a comprehensive crisis of confidence. The currencies of developing countries have fallen to a minimum since May 2017. At the same time, the Argentine peso, Turkish lira and Indian rupee fell to unprecedented low levels. According to the Institute of International Finance, the influx of portfolio investment in developing countries declined to $2 billion 200 million in August from $13 billion 700 million in July on the backdrop of increased trade tensions, the prospects for raising interest rates and strengthening the US dollar.
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