# Emerging Markets equities slump as US recession fears spark global selloff

> Emerging market equities fell sharply as a weaker-than-expected US jobs report fueled recession fears. The selloff was compounded by worries about China, weak tech earnings, and Middle East tensions.

- Date: 2024-08-05 · published 2024-08-05T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/12017-emerging-markets-equities-slump-as-us-recession-fears-spark-global-selloff
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Risk-off sentiment and a stronger dollar expectation tend to weigh on emerging-market currencies and demand for commodities, pressuring feed ingredient prices. Lower growth expectations can reduce industrial and energy demand.

## Read by commodity

- DXY: bullish ▲
- WTI: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-06-13 | [GLOBAL MARKETS-Inflation fears grip markets as bonds, stocks extend selloff](https://feedsoft.ai/events/9637-global-markets-inflation-fears-grip-markets-as-bonds-stocks-extend-selloff.md) | +1.0% | +2.9% |
| DXY | 2026-02-02 | [Slump in commodities rattles global markets \| Reuters](https://feedsoft.ai/events/20505-slump-in-commodities-rattles-global-markets-reuters.md) | +0.3% | +0.7% |
| DXY | 2020-08-24 | [EMERGING MARKETS-Recovery fears hit South Korea's won as U.S. dollar firms](https://feedsoft.ai/events/51853-emerging-markets-recovery-fears-hit-south-korea-s-won-as-u-s-dollar-firms.md) | -1.0% | -0.6% |
| DXY | 2022-06-15 | [EMERGING MARKETS - Latam FX slips after bruising selloff, Peru's sol rises - Monex USA](https://feedsoft.ai/events/41237-emerging-markets-latam-fx-slips-after-bruising-selloff-peru-s-sol-rises-monex.md) | -0.9% | +2.0% |
| DXY | 2025-01-24 | [Bond Market Selloff and Trump Concerns \| Global Banking & Finance Review](https://feedsoft.ai/events/12679-bond-market-selloff-and-trump-concerns-global-banking-and-finance-review.md) | -0.1% | -0.8% |
| WTI | 2022-07-12 | [Oil falls 8% as global recession fears spook market \| Oil and Gas News \| Al Jazeera](https://feedsoft.ai/events/40647-oil-falls-8-as-global-recession-fears-spook-market-oil-and-gas-news-al-jazeera.md) | -1.5% | -12.2% |
| WTI | 2026-02-02 | [Slump in commodities rattles global markets \| Reuters](https://feedsoft.ai/events/20505-slump-in-commodities-rattles-global-markets-reuters.md) | -1.6% | +9.9% |
| WTI | 2022-07-11 | [EMERGING MARKETS-Colombian and Chilean pesos hit all-time-lows on commodity falls, recession fears](https://feedsoft.ai/events/40784-emerging-markets-colombian-and-chilean-pesos-hit-all-time-lows-on-commodity.md) | -6.8% | -14.4% |

## Sources

- reuters.com: https://www.reuters.com/markets/em-equities-slump-us-recession-fears-spark-global-selloff-2024-08-05/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.