Emerging Stocks Rise as Growth Optimism Outweighs Political Risk

  • Equities selling at highest valuations since May 2014
  • Lira drops to record low as S&P cuts Turkey’s credit rating

Turkey Volatility: More Downside for Markets?

Emerging-market stocks rose for the ninth time in 10 days, pushing valuations to the highest level in 14 months, as growing confidence that the world economy is improving outweighed a rising tide of political risks. The lira fell to a record low as S&P Global Ratings cut Turkey’s credit rating.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.