India ETF Bucks Emerging-Market Stock Selloff on US Trade Deal
Statues outside the National Stock Exchange building in Mumbai.
Photographer: Dhiraj Singh/BloombergAn index fund tracking Indian shares jumped Monday as a long-awaited trade deal with the US helped it buck a slump seen across risk assets.
The $9.4 billion iShares MSCI India ETF gained the most since last May after US President Donald Trump said he would lower tariffs on Indian goods to 18% from 25%, following Prime Minister Narendra Modi’s agreement to halt purchases of Russian oil.