Emerging Stocks Advance as Shares in Hong Kong Enter Bull Market - Bloomberg

Emerging Stocks Advance as Shares in Hong Kong Enter Bull Market - Bloomberg:



"Emerging-market stocks rose as as a gauge of Chinese mainland shares traded in Hong Kong entered a bull market, outweighing declines in Russia and Brazil. 




China Coal Energy Co. climbed to a seven-month high after the nation’s industrial-profit growth accelerated. Hyundai Steel Co. gained 5.3 percent in Seoul as earnings exceeded analyst estimates. Oil producer Petroleo Brasileiro SA led the Ibovespa lower in Sao Paulo. The ruble declined and the Micex Index sank to an 11-week low on concern Russia will face new sanctions over the Ukraine conflict. 




The iShares MSCI Emerging Markets ETF advanced 0.7 percent to $45.09 after climbing 1.4 percent last week. The Hang Seng China Enterprises Index has risen more than 20 percent from this year’s low as government stimulus boosts investor confidence in the world’s second-largest economy. Satellite photos show Russia has shelled across the border into Ukraine, the U.S. said, while the European Union considers its strongest sanctions yet."



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