Emerging stocks rise on stimulus bets
Most emerging-market stocks rose amid speculation China will take steps to support economic growth. |||
Hanoi – Most emerging-market stocks rose amid speculation China will take steps to support economic growth.Commodity producers fell while Russia’s ruble weakened.A gauge of Hong Kong-traded Chinese shares climbed 0.7 percent after a report the central bank will inject cash into smaller banks.DP World gained 2.1 percent after agreeing to buy Dubai’s industrial parks operator for $2.6 billion (R29 billion).PetroChina sank 2.4 percent to lead energy companies lower as oil slid.The ruble lost 0.8 percent versus the dollar.The MSCI Emerging Markets …read more
Source: Independent Online
