Emerging-Market Stocks Rise for Fourth Day on Europe’s Aid Plan
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Emerging-market stocks advanced for a fourth day, driving the benchmark index to the biggest weekly gain in three, amid optimism European officials will contain the region’s debt crisis.
The MSCI Emerging Markets Index added 0.9 percent to 1,153.42 at 2:07 p.m. in Singapore, taking its increase for the week to 1.6 percent. Today’s rally erased the gauge’s losses for the year. Thailand’s SET Index climbed to the highest since August 1996. The Hang Seng China Enterprises Index jumped 2 percent, while South Korea’s Kospi Index rose 1.2 percent.