Fidelity Asian Values Share News (FAS)

** Units in EM-focused investment trusts listed in Londonpummeled as concerns over the slide in commodities, FX weaknessand a China slowdown create a perfect storm

** Units of Fidelity's China Special Situations Fund, which last reported $824 million GBP in net assets, down 5.1 pct in decent volumes

** The fund trades at a near 20 pct discount to NAV, closeto its widest level ever, according to FE Trustnet, suggestinginvestors selling down units a quick clip

** New India IT, Blackrock Frontiers IT,JPMorgan Chinese IT, JPMorgan Indian IT down3-5.3 pct

** BRFI units at a 2-1/2 year low and poised for worst weekon record

** Funds focused more generally on EM also down: AdvanceDeveloping Markets, Utilico EM, Fidelity AsianValues, Aberdeen New Dawn IT, Templeton EM down 2-4 pct

** FTSE 350 Equity Investment Instruments Index down 2.8 pct at 8-mth lows, worst week for index since Dec

** According to regulatory filings, Fidelity China's NAV hasfallen 11.8 pct to 153.65p between July 17 and Aug 19

** Over the same period, JMC's NAV has fallen 12 pct, BRFI'sNAV has fallen 5.3 pct, NII's NAV has fallen 3.4 (Messaging:venkateshasoumithri.mamidipudi.thomsonreuters.com@reuters.net;Messaging: alasdair.pal.thomsonreuters.com@reuters.net)