Emerging-market stocks have surged during Trump’s second term, mirroring his first, but this rally may falter. While the MSCI Emerging Markets Index has consistently risen, corporate earnings in developing nations are struggling to meet expectations. Trump’s trade and fiscal policies are driving both the stock market gains and the earnings decline, creating a complex and potentially unsustainable situation.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets