Emerging-Market Stocks Advance as Export Companies Gain

Emerging-market stocks posted the biggest increase in a week as a stronger Japanese currency boosted exporters. Lenders declined in Turkey after the central bank capped rates on overdraft accounts.

Taiwan Semiconductor Manufacturing Co. and Hyundai Motor Co. drove advances among Asian exporters as an appreciating yen eased concern about a loss of competitiveness. MMX Mineracao & Metalicos SA, a mining company, gained in Brazil, while Turkiye Garanti Bankasi AS declined in Istanbul. OAO Lukoil, Russia’s second-biggest oil producer, fell a third day as crude dropped on speculation China may accept slower growth. The rand weakened before a report that will probably show South Africa’s economy slowed in the first quarter.