Economics
Emerging Stocks Rise as China Gains Most in Month, Brazil Climbs
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Emerging-market stocks rose as speculation that China will start a new round of consolidation in state-owned companies to boost the economy pushed shares higher and Brazilian commodity producers led a rebound in Sao Paulo.
The Shanghai Composite Index jumped the most in a month. Oil producer Petroleo Brasileiro SA paced gains in the Ibovespa as the Brazilian benchmark rose after the biggest selloff in seven months. The ruble strengthened for the first time in four days and the Micex Index advanced to a three-month high as crude, Russia’s biggest export, climbed above $50 a barrel in London.