Meanwhile, investors are looking for places where value is popping up after EEM ( quote ) has traded down almost 7% since the start of May: If Asia is now starting to move more aggressively to the downside, it might be worth staying sidelined tactically. Next week, Tuesday night's CPI numbers in China will remain a key data point for the markets. And the looming elections in Turkey do not appear to be shaping up to be a market mover unless the ruling AKP party wins a supermajority.