Emerging Stocks Advance as Currencies Extend Rebound Before Fed

Updated on
  • Shanghai Composite index climbs in final hour of trading
  • Fed scheduled to decide on U.S. interest rates Thursday

Emerging-market assets jumped, with the benchmark equities index rising to the highest level this month, and currencies climbed further from the record lows they slumped to last week as investors awaited the Federal Reserve’s decision on U.S. interest rates.

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