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Emerging Markets Grow by $600 Billion With Saudis, Argentina

  • Both nations to enter MSCI index for developing nations in ’19
  • Step seen drawing billions of dollars of fresh investment
Updated on

Emerging market stocks are about to get a $600 billion boost.

That’s how much the asset class will expand after MSCI Inc. said on Wednesday it will add both Saudi Arabia and Argentina to its equity index of developing nations. Neither decision was assured, and together, they could prompt a relief rally after a selloff knocked $2.7 trillion from emerging economies since late January amid threats of a global trade war and higher U.S. rates.