Emerging-Market Stocks Rise as Yellen Reiterates Dovish Outlook

Updated on
  • Fed chair signals that optimism on U.S. economy has softened
  • Developing-nation price swings are widest since late April

Emerging-market stocks advanced for a third day after Federal Reserve Chair Janet Yellen signaled that policy makers might be taking a more cautious outlook on the economy, boosting bets that they’ll keep U.S. interest rates lower for longer.

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