Emerging Stocks Rise as India to Dubai Surge While Ruble Weakens

Emerging stocks rose as India’s shares rallied to a record after economic growth beat estimates. Dubai’s gauge gained, led by the developer of the world’s tallest tower, while the ruble sank to an all-time low.

Emaar Properties PJSC jumped to a six-year high after the Dubai developer said it plans to sell at least 15 percent of its mall unit. ICICI Bank led Indian equities higher, while the Shanghai Composite Index added 0.8 percent. The ruble fell 0.5 percent as fighting in Ukraine fueled speculation Russia will face wider sanctions. Brazilian stocks declined, erasing earlier gains as investors weighed the outlook for next month’s elections.