Emerging Stocks Extend Gains in 2026 as Risk Appetite Holds Firm

The Taiwan Semiconductor Manufacturing Co. factory in Kaohsiung, Taiwan.Photographer: An Rong Xu/Bloomberg

Emerging-market stocks rose for a third straight day, with a key index nearly erasing losses triggered by the Middle East conflict as investors snapped up artificial intelligence-linked shares in Asia and commodity companies in Latin America.

The MSCI EM equity index — heavily weighted toward Asian markets — climbed 1.3% on Thursday, led by Samsung Electronics Co. Ltd., Alibaba Group Holding Ltd., Tencent Holdings Ltd. and SK hynix Inc., after Taiwan Semiconductor Manufacturing Co. reported a 58% surge in profit and raised its revenue forecast.