Emerging Stocks Advance as Crude Oil Declines From 29-Month High

Emerging-market stocks rose, helping the benchmark measure to rebound from its first decline in seven days, as oil’s drop from a 29-month high eased concerns inflation will quicken and slow economic growth.

The MSCI Emerging Markets Index increased 0.3 percent to 1,135.77, after yesterday’s 0.6 percent loss. South Korea’s Kospi Index climbed 0.8 percent, Mexico’s IPC index rose 0.2 percent and Turkey’s ISE National 100 Index added 1.8 percent. India’s Bombay Stock Exchange Sensitive Index gained 1.2 percent, the most in a week, as a partner in Prime Minister Manmohan Singh’s government delayed a decision to withdraw from the coalition.