Emerging Stocks Rise for a Fourth Day as Chinese Profits Improve
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Emerging-market equities advanced for a fourth day, led by technology companies, as China’s industrial profits increased and U.S. lawmakers seek to resolve a budget impasse.
BYD Co., the Chinese carmaker partly owned by Warren Buffett’s Berkshire Hathaway Inc., climbed to an eight-month high in Hong Kong after saying it plans to build a solar power plant. HTC Corp. advanced to the strongest level in three months in Taipei. Turkcell Iletisim Hizmetleri AS, Turkey’s biggest mobile company, gained as the country’s benchmark index rose to a record. Petroleo Brasileiro SA, Latin America’s largest oil company by market value, led declines in Sao Paulo.