Economics
EM Review: Risk-On Mood Lingered in Quiet Trading as Stocks Rose
- China will cut import tariffs on goods including tech items
- Turkey to keep Russian missiles, defying U.S. sanction threat
This article is for subscribers only.
Emerging-market stocks and currencies rose to an 18-month high last week as risk-assets headed toward 2020 on a positive note. At the end of the Christmas week, a rally in technology shares around the world gave a final boost to equities, already buoyed by the prospect of a phase-one trade deal between the U.S. and China. Underscoring the optimism, investors added a record $4.2 billion to emerging-market exchange-traded funds.
The following is a roundup of emerging-markets news and highlights for the week ending Dec. 29.