logo
Emerging Stocks Gain on Global Optimism as Korea Leads Rally

Emerging Stocks Gain on Global Optimism as Korea Leads Rally

Bloomberg6 days ago

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.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Chinese Carmakers Agree to Standardize Supplier Payment Periods
Chinese Carmakers Agree to Standardize Supplier Payment Periods

Bloomberg

time43 minutes ago

  • Bloomberg

Chinese Carmakers Agree to Standardize Supplier Payment Periods

Several of China's state-owned automakers have pledged to standardize bill payment periods for their suppliers to 60 days after authorities raised concerns about supply chain financing. At least three carmakers, including Dongfeng Motor Group Co., Guangzhou Automobile Group Co. and China FAW Group Co. issued similar statements on Tuesday saying their payment plans are aimed at promoting efficient capital flows across supply chains in the automotive industry.

Gloom Gathers Over Solar Companies in the US and China
Gloom Gathers Over Solar Companies in the US and China

Bloomberg

timean hour ago

  • Bloomberg

Gloom Gathers Over Solar Companies in the US and China

Today's newsletter comes from our team in China, where solar manufacturers and investors are gathering at the world's largest fair for their industry in Shanghai this week. You can read more about the conference here. For unlimited access to climate and energy news, please subscribe. Help us improve Bloomberg newsletters: Take a quick survey to share your thoughts on your signup experience and what you'd like to see in the future.

Truck units of Toyota and Daimler reach merger deal, first announced two years ago
Truck units of Toyota and Daimler reach merger deal, first announced two years ago

Associated Press

time2 hours ago

  • Associated Press

Truck units of Toyota and Daimler reach merger deal, first announced two years ago

TOKYO (AP) — The truck divisions of Japan's Toyota and Daimler of Germany have agreed to merge to form 'a new strong Japanese truck powerhouse' to work together in vehicle development, procurement and production. Details, including the scope and specifics of the collaboration, were still undecided. But Hino Motors and Mitsubishi Fuso Truck and Bus Corp. plan to form a listed holding company by April 2026, the companies said Tuesday. A tentative such deal was announced two years ago. Under the integration, which will be 'on an equal footing,' Daimler Truck and Toyota Motor Corp. will each own 25% of the holding company. The Tokyo-based holding company will own 100% of Mitsubishi Fuso and Hino, and list on the Tokyo Stock Exchange. The chief executive will be Karl Deppen, now CEO of Mitsubishi Fuso, a division of Daimler Truck AG. 'Today is a great day for all our stakeholders. We are shaping the industry by bundling our strengths,' Deppen said. 'With a strong new company, we combine our two trusted brands, our resources, competencies and expertise to even better support our customers in their transportation needs in the future.' The new company, which still needs approval from boards, shareholders and regulatory authorities, will employ more than 40,000 workers. The companies share the common desire to work on future commercial vehicles, strengthening the auto industry in Japan and Asia, and work on ecological innovation, including the use of hydrogen energy, the companies said. Toyota Chief Executive Koji Sato expressed hopes the companies working together will contribute toward building a better future. 'Today's final agreement is not the goal but the starting line. Our four companies, aiming to achieve a sustainable mobility society, will continue to create the future of commercial vehicles together,' he said. Collaboration and the pooling of resources, including money, are becoming widespread in the auto industry, as pressures grow to develop various technology in ecology, autonomous driving, connectivity and safety. And scale can help reduce costs and boost competitiveness. ___ Yuri Kageyama is on Threads:

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store