Economics
Emerging Stocks Swing Between Gains, Losses on China
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Most emerging-market stocks rose as India’s efforts to revive economic growth offset concern that the slowdown in China is deepening.
The MSCI Emerging Markets Index slid 0.1 percent to 1,012.63, with 364 stocks climbing and 347 falling. ICICI Bank Ltd., India’s largest private lender, jumped the most in six months as the BSE India Sensitive Index extended its gains to the longest streak in five years. Brazil’s Bovespa stock index declined, led by homebuilder PDG Realty SA Empreendimentos e Participacoes. The Shanghai Composite Index fell 2.1 percent.