BUSINESS
Russia leads emerging market stock rally to hit four-month high
BUSINESS

Russia leads emerging market stock rally to hit four-month high

Published: July 6, 2020  |  2 min read, 325 words
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The MSCI index of developing-world stocks rose 1.8 percent on Monday to its highest level since February 26. The growth comes as strong economic data from emerging markets gave investors hope of an economic recovery.Chinese stocks were the biggest boost to the index, as the country’s business activity recovered steadily. Strong economic readings from China and the US last week had partially restored investors’ risk appetite. That helped markets to offset concerns over an increase in coronavirus cases and new lockdown measures in the developed world.Backed by the energy sector, Russian... READ MORE
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