Emerging Stocks Rise for 3rd Day on China Stimulus, Greek Polls
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Emerging-market stocks rose for a third day as opinion polls of Greek voters eased concern the country will exit the euro area and speculation mounted China will take steps to boost its economy.
The MSCI Emerging Markets Index rose 0.9 percent to 910.03 as of 3:55 p.m. in New York. The Hang Seng China Enterprises Index of Chinese companies listed in Hong Kong climbed 1.1 percent. The Micex Index jumped 0.8 percent in Moscow as OAO Lukoil, Russia’s second-largest oil producer, added 2 percent after first-quarter profit increased 7.7 percent. Brazil’s Bovespa Index gained 1.2 percent.