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. 

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Emerging Stocks Rise as Russia Sanctions Dismissed

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.

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-Igor P Purlantov

Emerging Stocks Gain Led by China on Stimulus Bets

Emerging-market stocks rose for a second day as Hong Kong-listed Chinese shares rallied the most in four months on speculation the government will take steps to counter slowing economic growth. Russia’s ruble strengthened.  The Hang Seng China Enterprises Index (HSCEI) jumped 2.8 percent. Yanzhou Coal Mining Co. surged 6.6 percent in Hong Kong after profit exceeded estimates. Russia’s Micex Index trimmed a gain of as much as 2 percent. The ruble climbed for a second day against the central bank’s target basket of dollars and euros as concern waned that western nations would step up sanctions, while world leaders gathered in The Hague to discuss the conflict in Ukraine. India’s S&P BSE Sensex jumped to a record.

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-Curated by Igor Purlantov