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Emerging-market stocks on cusp of reaching highest level since 2018

The MSCI Emerging Markets Index has gained more than 50 per cent since reaching this year's low in March

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Developing-nation stocks have made a comeback in October, amid optimism over vaccine advances and as signs of progress in US stimulus talks sent the dollar lower

Bloomberg

2 min read Last Updated : Oct 22 2020 | 12:58 AM IST

Emerging-market stocks are on the cusp of reaching their highest level since 2018, and all they need may be more evidence of further growth in China, stable earnings and signs of more dollar weakness to take them there.

The MSCI Emerging Markets Index has gained more than 50 per cent since reaching this year’s low in March. At 1,137.75, it’s less than 15 points away from surpassing this year’s peak reached in January, and eclipsing that level would take the benchmark to highest since mid-2018. Strength in Chinese equities — the biggest component on the equity gauge — and earnings upgrades

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