Emerging markets hit a BRIC wall?

Emerging-Market Rally Spurs Unease

Cash has poured into emerging markets this year. Through September, investors stashed $52.6 billion into emerging-markets funds. That is close to the record level for all of 2007, according to Emerging Portfolio Fund Research Inc.

But the emerging-market run-up is starting to produce unease, and dips like the Shanghai Composite's 2.3% decline Thursday may be a portent.

Doubts are growing that emerging markets' spectacular ascent this year will continue.

The MSCI Emerging Markets Index, which had climbed 63% this year in U.S. currency terms as of Thursday, has slid over the past two weeks. After muscular performances from the Chinese, Indian and Brazilian exchanges, they have suffered downdrafts lately.

Only posted this for the headline rewrite. Never let a Guambat get bored.