Emerging Markets Ride Risk-On Wave After China’s Economy Pledges

By Bloomberg (Business) | Created at 2024-09-26 09:22:46 | Updated at 2024-09-30 17:16:21 4 days ago
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Emerging-market stocks rose for a sixth day in a broad rally for riskier assets on the back of fresh economic stimulus pledged by the Chinese government.

MSCI Inc.’s EM stock gauge rose 1.8% by 9:30 a.m. in London. Tech companies listed in Hong Kong and South Korea contributed the bulk of the index gains. European assets followed too, with Hungary’s benchmark BUX equities gauge hitting a record high.

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