After China and India: The next hot markets

Rising interest rates and volatility are likely to slow the rally, but some analysts still see upside for overseas markets.
By Grace Wong, CNNMoney.com staff writer
June 27 2007: 12:57 PM EDT

LONDON (CNNMoney.com) -- For years investors have piled into economies like China and India in search of outsize returns. But after so much white-hot growth, these so-called developing countries are starting to mature, spurring talk that higher inflation will bring an end to the emerging markets boom.
VideoMore video

CNN's Kristie Lu Stout looks at Vietnam's burgeoning new stock market.
Play video

~~> -->
The bull run in emerging markets "began at a time of deflation and is likely to end at a time of inflation," Merrill Lynch global emerging market strategist Michael Hartnett wrote in a note last month.

For more information click title.