In Southeast Asia’s Markets, Worry Over Fed Is Back

Southeast Asian currencies headed south in September, wiping out many of a year’s gains, and a upsurge of income into internal holds became a drip as investors prepared for U.S. seductiveness rates to rise.

The currencies’ swings have investors—some of them still smarting from a call of offered that struck a segment in a open of 2013—wondering about a reserve of land in local-currency holds and bonds.

Whether a slide…

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