Emerging Market Stocks Rise Every Month This Year, First Time Since 1993

The emerging-market equity benchmark gained for a 10th consecutive month in October, as an artificial-intelligence boom and a weaker dollar drive capital inflows.

The MSCI Emerging Markets Index has rallied every month from January to October — a feat last seen in 1993 — and is up around 30% this year. On Friday, it fell 0.7% but closed out the month with a 4% gain.