Emerging-Market Stocks Rise on Investor Confidence, Metals Gain

Emerging-market stocks rose to the highest in three weeks as investor confidence in eastern Europe surged and higher metal prices lifted commodity producers.

The MSCI Emerging Markets Index added 1.9 percent to 861.37 at 5 p.m. in New York. Shares in Estonia had the biggest gain in 11 years, adding 13 percent, and Lithuanian equities surged 11 percent after Sweden’s TeliaSonera AB offered to buy out shareholders in its Baltic units, according to statements from the company. AS Eesti Telekom, Estonia’s biggest phone company, jumped 23 percent and TEO LT in Lithuania added 30 percent.