Emerging Market Stocks Advance for Sixth Day

Emerging-market stocks rose for a sixth day as a rally by telecommunication and energy shares overshadowed Chinese data showing the nation’s housing slump deepened. Russia’s ruble appreciated the most among its peers.  China Mobile Ltd. advanced to the highest level in almost six years as Nomura Holdings Inc. lifted its price target. OAO Gazprom gained as much as 1.2 percent to lead increases in Russia. The ruble strengthened 0.3 percent versus the dollar after the central bank widened its trading range against a basket of currencies. Indian stocks surged to a record high.

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Don't Make Emerging Markets Investing Blind Spot

For many U.S. investors, the thought of investing in companies from emerging markets may provoke a sense of unease. Names like China Mobile (CHL), Infosys (INFY), and OAO Gazprom (OGZD) aren't exactly household names here. Yet many U.S. investors already own emerging-markets companies like these through their mutual funds and exchange-traded funds without even realizing it.

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