Emerging-market stocks rise to 13-year high
Most currencies, however, have fallen against the dollar, with the rand losing 5.2% in its worst week since April 2020
08 January 2021 - 12:12
Bengaluru — Emerging-market (EM) stocks neared a record high on Friday as hopes of economic recovery and loose monetary policy lifted sentiment, while most currencies in Europe, the Middle East and Africa fell against a recovering dollar.
The MSCI’s index of EM stocks rose 1.4% to a 13-year peak, trading a few points shy of a record high, with Turkish, Russian and SA bourses hitting record peaks...
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