Chipmakers, Gold Power Emerging-Market Rebound After Fed Jitters
Emerging-market stocks and currencies rebounded on Tuesday as a weaker dollar, easing volatility in precious metals and renewed optimism around Asian technology stocks lifted risk appetite.
The MSCI index tracking emerging-market equities climbed 2.8%, snapping a three-day losing streak. Asian tech shares led the advance, following a strong earnings forecast from Palantir Technologies Inc. Samsung Electronics Co. jumped 11% — its largest gain since 2008 — and SK Hynix Inc. was up under 9%.