Emerging Stocks Gain on Global Optimism as Korea Leads Rally
Emerging-market stocks gained for a second straight session, buoyed by strong US labor data that lifted global equities to a record high.
The MSCI Emerging Markets Index climbed as much as 1.2%, led by a surge in Asian tech stocks. The Korean won outperformed peers while the country's equity market entered bull territory — adding further momentum to the broader emerging-market rally. An index for EM currencies inched higher, as the dollar slipped.
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