Emerging-market stocks rebounded from a month-low as investors dismissed a new round of Russia sanctions and phone shares surged in China. All but one currency in developing-Europe rose versus the dollar, led by the ruble. The Micex Index added as much as 1.3 percent in the second day of gains in Moscow and the Russian currency headed for the steepest appreciation in almost two weeks.China Mobile Ltd. soared the most since 2011 in Hong Kong, while China Telecom Corp. posted its biggest two-day rally since August 2012 after reporting higher profit.Turkey’s Borsa Istanbul 100 Index jumped 0.6 percent as Ford Otomotiv Sanayi AS climbed after net income topped estimates.
-Igor P Purlantov
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.