Asia should ride out EM turmoil

Call it a tale of two regions: fears over the end of US Federal Reserve liquidity and a slowing Chinese economy harmed many financial markets in developing countries last week – but not all. The headlines aren't pretty. EPFR Global reports that emerging-market equity funds have suffered three continuous weeks of outflows. Most of the recent damage was in Latin America, notably the drop in the value of the Argentine peso and Brazilian real. In Asia, India is again suffering, with the r…