Tech rally propels emerging stocks to best week in 4 months

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 34 sec. here
  • 21 min. at publisher
  • 📊 Quality Score:
  • News: 83%
  • Publisher: 50%

Africa Notícia

Asia,Pacific Rim,Top Asia

Emerging-market stocks rallied on Friday, driven by tech companies in Asia, following U.S. data which boosted investor optimism that the world’s biggest economy will avoid a recession.

Buildings at the Taiwan Semiconductor Manufacturing Co. campus in Hsinchu, Taiwan. --

Bulls took advantage of the selloff last month and in early August to increase or establish positions in many asset classes including emerging-market equities and bonds, according to Rajeev De Mello, chief investment officer at Gama Asset Management. The MSCI gauge for emerging currencies was little changed, with South Africa’s rand outperforming. The currency rose for a ninth day, the longest run since 2011. South African assets have rallied since a business-friendly coalition took power two months ago and the country’s economic data began improving. Inflation has fallen since February, relieving the pressure on the central bank to keep interest rates high.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 83. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Emerging-Market Stocks Rebound in Asia From $1.2 Trillion Slump(Bloomberg) -- Emerging-market stocks rebounded in early Tuesday trading from a technology-led selloff that had erased $1.2 trillion of shareholder wealth...
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »

Emerging-market stocks have longest selloff in year on tech routEmerging-market stocks headed for the longest streak of losses in almost a year as rising fears of a trade war between the U.S. and China hit Asian tech companies.
Fonte: BNNBloomberg - 🏆 83. / 50 Consulte Mais informação »