Emerging-Market Energy Stocks Gain on OPEC Hopes as Peso Rallies

Updated on
  • Mexican currency advances amid firestorm over Trump comments
  • Thai assets slide following reports of king’s unstable health

Why Mexico's Peso Sums up Trump's Weekend Perfectly

Emerging-market energy stocks rallied for a sixth day amid optimism that major crude producers will work with OPEC to cut output. Mexico’s peso rallied the most in two weeks on speculation Hillary Clinton will win the U.S. presidential election.
 
A gauge tracking energy shares in developing countries rose to the highest level since July 2015. The peso, seen as a bellwether for traders’ views on Donald Trump’s prospects for winning, appreciated 2 percent. Samsung Electronics Co. fell from a record as the company was said to halt production on its Note 7 smartphones. Thai assets slid, with the baht weakening after the royal palace said the king’s condition was unstable.

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