Emerging Market Stocks Are Battered. That Doesn’t Mean It’s Time to Buy.

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Text size A ferry crosses Victoria Harbor in Hong Kong. Bertha Wang/AFP via Getty Images Emerging-market stocks have gotten crushed. And given the potential downside for Chinese stocks, buying the dip isn’t yet a sure bet.  The MSCI Emerging Markets Index is down almost 8% since its February peak. Much of that is due to trouble in China, given that many components of the index are reliant on strong demand there. China’s nonmanufacturing and manufacturing purchasing managers indexes, which measure levels of economic activity, have declined sharply from early in the year, according to Citig
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