Emerging-Market Stocks Extend Rally on China's Export Rebound
- Developing-nation equity gauge rises to highest since November
- Ibovespa rallies as Brazilian president loses support
China Exports Rise the Most in a Year
Emerging-market equities erased losses for April, rising to a five-month high as better-than-estimated trade data signaled that China’s economy may avoid a hard landing, increasing demand for riskier assets.
Brazilian stocks rallied to a 10-month high on growing speculation that the president will be impeached, clearing the way for a new leader who will be better able to pull the country out of a recession. South African equities rose for a fourth day. India’s benchmark gauge jumped to the highest since January as inflation eased and the weather department predicted above-normal monsoon rains. The premium investors demand to own developing-nation sovereign debt over U.S. Treasuries narrowed for a fourth day.