EMERGING MARKETS-Emerging stocks set for fifth week of gains | Reuters

Reuters| Fri Jan 12 01:02:04 EST 2018
LONDON, Jan 12 (Reuters) - Emerging market stocks surged almost one percent on Friday and were set for a fifth straight week of gains after a mid-week spike in U.S. Treasury yields abated and oil prices held near 3-year highs. MSCI’s emerging equity index rose 0.8 percent back to recent 6-1/2 year highs after a strong showing in Asia where Hong Kong hit new 10-year highs and India surged to a new record. Mainland Chinese stocks posted their 11th straight day of gains, shrugging off softer trade data. In emerging Europe, Russian stocks hovered just off one-year peaks as Brent crude prices retreated from the $70-per-barrel mark . Emerging currencies also broadly firmed against the dollar which..

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