Emerging-Market Stocks Rise as Telecom Shares Jump; Forint Gains
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Emerging-market stocks rose as China Mobile Ltd. paced gains phone companies and Brazilian shares rallied to a nine-month high.
China Mobile jumped 2.6 percent in Hong Kong after forming a cellular-tower joint venture, while the Shanghai Composite Index climbed the most in a month. Gauges in Turkey and Poland added at least 0.4 percent. Thai shares extended the longest winning streak in almost four years. The Hungarian forint ended a three-day retreat against the euro as industrial output rose. The Russian ruble slid after fighting in Ukraine renewed the risk of sanctions.