Monday, July 28, 2014

Emerging Market Stocks Advance on China



Emerging-market stocks rose, extending a weekly gain, as a gauge of Chinese mainland shares traded in Hong Kong entered a bull market. Russian stocks and its currency slumped amid the threat of further sanctions.  China Coal Energy Co. climbed to its highest level in seven months after the nation’s industrial-profit growth accelerated. Hyundai Steel Co. gained 5.3 percent in Seoul after profit beat analyst estimates. OAO Rosneft dropped 1.9 percent, while the ruble weakened 0.7 percent. Former majority owners of Yukos Oil Co. said they won a $50 billion award against Russia. 

http://tinyurl.com/mvs4sqv

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