Stock exchanges in Iceland, Indonesia and Russia didn't even open, while steep declines forced trading halts in Thailand, Austria, Romania and Brazil.
As the global financial crisis has spread to nearly every corner of the world, many emerging markets have suffered dramatic declines this year, raising questions about their growth prospects.
"The outlook for emerging markets is good, but we can't put a specific timetable to the end of the year," said Mark Mobius, the veteran emerging markets investor and executive chairman of Templeton Asset Management, where he oversees some $30 billion in assets.
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