Emerging-Market Stocks Rebound as Commodities Post Weekly Gain
- Stocks, currencies rise on bets dollar rally has gone too far
- Hong Kong-traded Chinese shares cap best week in four months
Why Rising Treasury Yields Add Pressure to EM Currencies
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Emerging-market stocks posted their first weekly gain in more than a month as investors returned to riskier assets amid an advance in commodity prices and bets that a rally in the U.S. dollar has gone too far.
Indian equities led the advance Friday, pushing the benchmark index to a two-week high. Developing-nation stock volatility dropped to a 15-month low. An index of Chinese shares traded in Hong Kong capped its best week since July 15. India’s rupee rebounded from a record low reached on Thursday. The risk premium for emerging-market Eurobonds narrowed. Turkish bonds and the lira retreated after the country’s surprise interest-rate increase Thursday.