Russia, Emerging Markets Rebound Post Crimea

Russian stocks saw their best day in just over two weeks on Monday, driving other emerging markets higher as the fallout from a controversial referendum on Crimea so far has not triggered as severe sanctions by Western powers as expected. Investors remain braced for more volatility, though, with Russia stocks in particular viewed cautiously by many strategists in an emerging-market picture that is fogged by China growth concerns as well.

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