Mark Mobius has labelled the world record $70bn Petrobras rights issue an "abomination" and believes it could signal the globe is entering an IPO bubble.
Brazilian state oil company Petrobras has raised $70bn (£45bn) yesterday in the world's largest ever share offer.
Japan's central bank is believed to have intervened for the second time in a week to combat the rising yen.
Investec's Peter Eerdmans has taken a neutral position in emerging market bonds on the view the sector will consolidate following its highs this year.
Emerging markets guru Mark Mobius says it is "critical" to monitor the supply and demand for EM stocks with the number of IPOs set to double in the coming year.