Emerging Stocks Rise as Growth Optimism Outweighs Political RiskBy and
Equities selling at highest valuations since May 2014
Lira drops to record low as S&P cuts Turkey’s credit rating
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.
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