Emerging Stocks Rebound as Tencent Climbs to Record; Ruble Falls
- Technology shares lead gains as Tencent, Samsung rally
- Ukraine bonds drop as Poroshenko warns of Russian invasion
Why Investors Should Brace for Emerging Market Rate Cuts
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Emerging-market stocks rose to a one-year high as minutes of the Federal Reserve’s last meeting tempered speculation U.S. interest rates will rise this year. Russian stocks fell amid warnings of heightened tension with Ukraine.
Technology shares led gains among 10 industry groups in the MSCI Emerging Markets Index as Tencent Holdings Ltd. jumped to an all-time high after earnings beat analysts’ estimates. Samsung Electronics Co. also surged to a record. Ukrainian bonds declined after President Petro Poroshenko warned a full-scale Russian invasion was possible. The Brazilian real and stocks fell after a vote on a bill to reduce the fiscal deficit was postponed.