Emerging market stocks rose for a second day as oil slid after Iran agreed to limit its nuclear program in exchange for some sanctions relief. India’s rupee and the Turkish lira led gain in developing-nation currencies. South Korean builders including Samsung Engineering Co. (028050) rallied on expectations some of their construction projects in Iran will resume. The Borsa Istanbul National 100 Index increased to a three-week high, while the S&P BSE Sensex Index added 1.9 percent in Mumbai as lower oil helps cut import costs.
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