Chip Rout Impacts Emerging Markets

The stock market in countries that are still growing, called emerging markets, had a bad day because computer chip companies did poorly.

This made the overall stock market for these countries go down a lot.

Some places, like Latin America, did better because they aren't as connected to the computer chip industry.

The price of oil also went down, which helped some countries that buy a lot of oil.

The Federal Reserve, which controls interest rates in the US, might raise these rates, which could make borrowing money more expensive.

Some people think this could be good for long-term investments, while others are worried about the impact on the market.