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Emerging Stocks Rise Amid Taiwan-China Exchange Link Speculation

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Emerging-market stocks rose for a third day as Taiwan’s shares surged the most since 2013 amid speculation officials will broaden access to China’s capital markets.

The MSCI Emerging Markets Index advanced 0.8 percent to 1,055.99. The Taiex Index rallied 1.9 percent. The Shanghai Composite Index rose to the highest level since March 2008. The Ibovespa rallied to a five-month high as Brazilian exporters including iron-ore producer Vale SA advanced with commodities. The ruble climbed 2.7 percent as Russian companies converted foreign-currency earnings to meet tax deadlines.