Tariff Ruling Lifts Emerging Assets as BlackRock ETF Hits Record

Emerging-market assets got a boost after the US Supreme Court struck down President Donald Trump’s sweeping global tariffs, with currencies erasing weekly losses and an exchange-traded fund hitting a record high.

An MSCI Inc. gauge of developing-nation currencies rose less than 0.1% on Friday, holding gains after Trump touted alternatives to his signature economy plan. BlackRock Inc.’s $28 billion iShares MSCI Emerging Markets ETF climbed to an all-time high, with trading volume 36% above its 20-day average.