EM Review: Blue Wave Spurred Stock Rally as U.S. Yields Jumped
- Chinese company giants under siege on global index removals
- Mexico, Indonesia sell long-term bonds to overseas investors
Joe Biden, right, campaigns with Raphael Warnock, left, and Jon Ossoff, not pictured, in Atlanta on Jan. 4.
Photographer: Carolyn Kaster/AP Photo
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Emerging-market stocks posted their biggest weekly gain since early November after Democrats won control of the U.S. Senate in Georgia runoff elections, spurring optimism over more fiscal stimulus. Risk assets rallied despite chaos in the U.S. Capitol. U.S. Treasury yields climbed above 1% for the first time since the pandemic-driven turmoil in March, boosting the dollar and weighing on developing-nation currencies.
The following is a roundup of emerging-market news and highlights for the week through Jan. 10: