Emerging market stocks rise to one-week high as oil eases
EM equities rose to a one-week high on Friday as oil prices dipped and AI-linked stocks rallied; the MSCI EM stocks index gained 1.4%, while currencies were largely muted amid major central banks’ hawkish stance.
A drop in oil prices and a rally in AI-linked stocks lifted emerging market equities to a one-week high on Friday, while currencies were largely muted as investors assessed the hawkish stance from major central banks this week. 4%, supported by AI-heavy equities.