Gold fell to a one-week low on Tuesday, dropping sharply as the dollar strengthened broadly and crude oil prices tumbled, reducing the metal’s appeal as an inflation hedge.

Despite the historic trade agreement signed earlier today between Taiwan and China, Taiwan’s TSEC weighted index (^TWII) closed down 2.43%. It seems that fears of global recession trumped this historic economic breakthrough. This turn of events now presents investors with the question: Is it time to get into ^TWII?

Fear of a global recession is quickly becoming reality as world markets have lost $10 trillion in value in the month of October and the U.S. economy almost certainly contracted in the third quarter.

When the U.S. economy fell off a cliff, a bunch of investors fled to the “safety” of booming emerging markets, like China and Brazil.