Emerging Stocks Hover Near Record, Currencies Gain Before Jobs
MSCI’s index of emerging-market equities climbed, buoyed by a rally in TSMC.
Photographer: An Rong Xu/BloombergEmerging-market stocks hovered near record highs as concerns over artificial-intelligence spending receded, while currencies edged up in volatile trading ahead of a key jobs report.
An MSCI Inc. gauge of developing-nation currencies ended the day 0.1% higher on Tuesday, notching its third straight session of gains. The Chilean peso underperformed as copper retreated, while regional peers Brazil’s real and Colombia’s peso slipped — contrasting with gains in Asian currencies.