Economics
Why Political Turmoil Hasn't Stopped the Emerging Market Rally
- Growth gap, earnings, valuations back bullish equity outlook
- Stocks rise even as political risks rise from Russia to Brazil
JPMorgan's Hui Sees More Upside for EM Rally
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A fired finance minister and political upheaval won’t be enough to stem the rally in emerging-market stocks.
That’s the lesson from the first quarter, when equities posted their best gains since 2012 even as Donald Trump threatened to end trade deals, the U.K. began laying the path for its exit from the European Union, South Korea impeached its president and South Africa fired a finance chief much beloved by investors.