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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
