Emerging Market Sell-Off Hits Telecom, Web Stocks

By | January 24, 2014

Scalper1 News

The sell-off in emerging market currencies on Friday drove down shares of Vodafone (VOD), Telefonica (TEF), America Movil (AMX), VimpelCom (VIP), satellite TV broadcaster DirecTV Group (DTV) and Latin American e-commerce firm MercadoLibre (MELI), as well as local telecom companies. DirecTV stock was down more than 2% in morning trading in the stock market today. DirecTV has a big Latin American business. U.S. shares of U.K.-based Vodafone also Scalper1 News

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