Emerging-market stocks rose Friday, cementing their biggest weekly advance in nine months, as Asian technology stocks got a boost from US corporate earnings that confirmed booming demand for artificial intelligence.
The MSCI Emerging Markets Index finished the session 1.3% higher, with Taiwan Semiconductor Manufacturing Co., Tencent Holdings and Alibaba Group Holding accounting for the biggest chunk of its gains. The gauge rose 3.7% for the week, trimming monthly losses sparked by reduced expectations for Federal Reserve rate cuts.
Tech Rally Propels Emerging Stocks to Best Week Since July - Bloomberg
Read More
Bagikan Berita Ini
0 Response to "Tech Rally Propels Emerging Stocks to Best Week Since July - Bloomberg"
Post a Comment