China Stimulus Vow Gives Fresh Boost to Risky Assets: EM Review

(Bloomberg) -- Emerging-market stocks and currencies rebounded from two weeks of losses as U.S. dollar weakness and China’s vow to keep supporting its economy overcame concern about the global growth outlook. Appetite for riskier assets also got a lift from China’s plans to cut the value-added tax and U.S. Federal Reserve Chairman Jerome Powell’s comments that interest rates can remain on hold.

The following is a roundup of emerging-markets news and highlights for the week ending March 15.

Asset Moves as of 4:20 p.m. in New York on Friday:Weekly
MSCI EM stocks index+2.6%
MSCI EM FX index+0.5%
Bloomberg Barclays EM local-currency government bond index (up to Thursday)+0.4%

Highlights:

Asia:

EMEA:

Latin America

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