Economics
EM Review: U.S.-China Row Failed to Derail End-of-Month Rally
- Chinese lawmakers approve proposal on Hong Kong security law
- Argentina publishes new debt offer; BOK cuts rate to record
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Emerging-market assets rose last week as optimism over the reopening of economies in Europe and the U.S. outweighed rising U.S.-China tensions. Stocks even edged higher on Friday after Chinese lawmakers approved a proposal for new national security legislation in Hong Kong and President Donald Trump intensified his confrontation with the Asian nation. Argentina published a new debt offer that shortens its payment delay, while central banks in South Korea, Poland and Colombia all cut interest rates.
The following is a roundup of emerging-market news and highlights for the week through May 31: