The iShares MSCI Emerging Markets ETF (ARCA:EEM) rebounded from recent 6-month lows at 40, but is still trading way below its 200-day MA, which indicates the terrible technical picture.
Russia and Brazil have been hit the hardest lately.
Russia RTSI Index, daily chart:
Brazil BOVESPA Index, daily chart:
Losses in China and India have been more modest lately.
China SHANGHAI COMPOSITE Index, daily chart:
India CNX 100 Index, daily chart: