Emerging Assets Surge on Risk Rally Fueled by Bleak US Data

The Korea Exchange in Seoul, on June 4.
Photographer: SeongJoon Cho/Bloomberg

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By Kelsey Butler, Maria Elena Vizcaino, and Raphael Almeida

June 5, 2025 at 9:39 AM UTC

Updated on

June 5, 2025 at 9:04 PM UTC

Emerging-market assets surged across the board Thursday, after a fresh batch of US jobs data strengthened expectations for a more dovish Federal Reserve, weighing on the dollar.

MSCI’s EM stock gauge rose 0.9%, bringing its advance this week to 2.2% and reaching its highest level since October. An index of developing-nation currencies rose 0.2%, led by the Brazilian real which outperformed its peers.