China Rate Cut Lifts Emerging Markets

Most emerging-market stocks rose as China’s surprise interest-rate cut added momentum to a four-week rally in riskier assets. The zloty weakened and Polish banking stocks fell after the opposition party looked poised for an election victory.  The Shanghai Composite Index climbed 0.5 percent in the first trading day after China lowered borrowing costs for the sixth time in a year and reduced lenders’ reserve requirements. 

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China Stands Tall in Emerging eneMarket Rout

In the worst selloff for many emerging markets since the global financial crisis, China is standing out as an unlikely star performer.  Through Thursday, the benchmark Shanghai Composite index has jumped 5.2% this month, making Shanghai the top stock market in Asia. 

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