Emerging markets, led by Taiwan, hit 14-month high with MSCI index up 0.5%

From Republic World: 2024-04-09 06:29:00

Emerging market stocks, led by Taiwan’s surge, hit a year-long high, with MSCI index up 0.5%. TSMC’s 4.6% spike drove Taiwan stocks to a historic peak. South Korean stocks declined ahead of their Wednesday elections. Emerging market currencies rose slightly against a weak Dollar. Markets in the Philippines, Indonesia, and others closed for holidays. Israel’s shekel and Poland’s Zloty rose, while Russia’s rouble and South Africa’s rand also showed strength. El Salvador initiated a tender offer for debt, while the IMF approved $574 million for Ivory Coast. Bulgaria’s caretaker government set elections for June 9.



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