Emerging markets are coming out of the recent global selloff “looking better than their richer counterparts, especially the US.” Not only are developing economies “well supported by earnings growth,” but in the last two weeks, their levels of expected volatility collectively rose at a slower rate and degree than more developed counterparts, Srinivasan Sivabalan writes for Bloomberg. The smallest markets were even better off, as figures reveal that it was “some of the biggest and deepest markets in the developing world [that] suffered the worst meltdowns,” with around 80% of all EM losses in the past two weeks concentrated in China, Taiwan, South Korea, and India. China alone suffered stock losses larger than Brazil’s entire market. “In contrast, tiny markets such as Pakistan and Egypt outperformed others.” Egypt was the only one of its peers to make a small gain and see its market capitalization increase, thanks largely to the impact of the currency float.