Emerging-Market Assets Pare Losses With Beijing Plan in Focus
- Analysts expecting further China stimulus at weekend briefing
- Brazilian assets underperform Friday on renewed fiscal worries
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Emerging-market stocks trimmed weekly losses and currencies halted an eight-day rout ahead of a key briefing from China’s finance minister, where he is expected to unveil fresh measures to revive the world’s second-largest economy.
The MSCI Inc. gauge for developing-nation stocks ended the day 0.2% higher on Friday, led by gains in Taiwan Semiconductor, MediaTek and PDD Holdings Inc. Still, EM equities posted their first weekly decline in five weeks.