Hedge fund manager Stephen Jen is bracing for more pain in emerging markets. (Photograph: Jin Lee/Bloomberg)

Stephen Jen landed in Hong Kong in early January 1997 as Morgan Stanley’s newly minted exchange-rate strategist for Asia. He was soon working aroun(...)

A customer counts Indian one-hundred rupee banknotes – the currency has dropped in value recently. Photograph: Dhiraj Singh/Bloomberg

Emerging markets took another pounding last week after the Federal Reserve confirmed it was “broadly comfortable” with plans to soon scale back stimul(...)