► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs<br /><br />Emerging markets have performed poorly against the developed world, with currencies at their weakest since 2003 and shares testing 2012 and 2013 lows. James Mackintosh, FT investment editor, says EMs are caught between a rock (the dollar) and a hard place (China).<br /><br /><br />For more video content from the Financial Times, visit http://www.FT.com/video<br /><br /><br />Twitter https://twitter.com/ftvideo<br />Facebook https://www.facebook.com/financialtimes