Emerging stocks rose half a per cent yesterday, rebounding after two loss-making sessions as investors absorbed the likelihood of slower China growth and a March interest rate rise in the United States.Bourses in Asia and Russia chalked up solid gains while Turkey’s stock index roared 1.4% higher to a two-year high, led by shares of exporters that benefit from currency weakness.Mainland China stocks closed 0.5% up thanks to a jump in tech shares after Premier Li Keqiang identified innovation as key to overhauling the economy at the opening of the annual meeting of the country’s parliament.However, officials also cut the …read more
Source: Gulf times
