AVEM is trading sharply lower at $76.74, down 15.2% from its May 19 close of $90.48, as emerging markets face significant selling pressure.
- The selloff aligns with renewed risk-off sentiment driven by weak Chinese macro data and rising global yields.
- Escalating geopolitical tensions regarding ChinaβTaiwan and broader security risks are weighing heavily on the fund's China- and Asia-focused holdings.
- The move far exceeds the decline seen in major U.S. indices during the after-hours session.