Pursuits
Emerging-Market Stocks Climb as China Trade Data Boosts Shippers
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Emerging-market stocks climbed the most in a week, boosted by companies tied to economic growth, as better-than-estimated Chinese trade figures added to signs the Asian nation is emerging from its slowdown.
China Southern Airlines Co. and China Cosco Holdings Co., climbed at least 7 percent in Hong Kong, leading gains among airlines, shipping companies and raw-material producers. Vietnamese stocks entered a bull market as the prime minister reiterated that the central bank must pursue policies this year that boost growth. Cia. Hering, Brazil’s third-biggest apparel retailer, slumped the most since June 2009 on weaker sales. The MSCI EM Eastern Europe Index climbed to a four-month high.