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Emerging Stocks Advance a Second Week on Global Economic Outlook

Emerging-market stocks rose for a second straight week, capping a 1.4 percent jump in November, amid growing confidence the global economy is strengthening. Equity gauges in Russia, India and Taiwan posted gains.

Centrais Eletricas Brasileiras SA, Brazil’s largest power company, surged the most in more than 13 years after the state increased compensation to utilities that agree to cut power rates. OAO Sberbank, Russia’s largest lender, rose as MSCI Inc. prepared to increase the stock’s weight in its country index. Compal Electronics Inc. rallied in Taipei, leading a gauge of emerging-nation technology stocks to the highest since May 2011.