Emerging-Market Stocks Rebound By Most in Two Months After Rout
- Brazil real surges on expectations of interest rate hikes
- Mexico’s peso dips on concerns more carry trades to be unwound
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Developing world stocks rebounded on Tuesday in their biggest one-day gain in two months as they bounced back from a steep two-day slide.
MSCI’s index for emerging-market equities rose 1.4%, with exchanges in Taiwan and South Korea partially recouping some of their losses. Taiwan Semiconductor Manufacturing Co. posted its biggest rally since November 2022.