Emerging markets are going back to where they were before tapering concerns: Gautam Chhaocharia, UBS

In an interview with ET Now, Gautam Chhaocharia, Head of India Research, UBS, shares his views on the current outlook of the emerging markets. Excerpts:

ET Now: Emerging markets, apart from India, had been shrugging off all the news flow from the US. Do you think this trend will continue?

Gautam Chhaocharia: That could be the reality check. Markets have run up, including emerging markets, in the backdrop of the weak performance prior to that in July and August (post-tapering concerns). Thus, it is more like the markets are going back to where they were.

Therefore,it is not really a rally or a strong recovery as such.