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Emerging markets advance on speculation China will support expansion

April 8, 2014

Emerging-Market Stocks Rise to Four-Month High on China

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  • The MSCI Emerging Markets Index added 0.7 percent to 1,011.49, increasing for a third day.
  • The iShares MSCI Emerging Markets Index ETF advanced 1.2 percent to $41.96.
  • Brazilian stocks halted gains due to investors noticing inflation rates are increasing with the current President.
  • The chinese government will support the expansion to address the concern over weak economic growth and help support commodity prices along with emerging markets.
  • Brazil’s Ibovespa dropped from the highest level since November as Petrobras sank 2.9 percent.
  • Russia’s Micex Index rose 0.2 percent, rebounding from a drop of as much as 1.1 percent earlier.
  • The rand climbed after foreign investors bought South African bonds.
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