Tech rally propels emerging stocks to best week in 4 months

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.

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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...
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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.
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