Emerging stocks rise most in a week

Emerging-market stocks rallied the most in almost a week after the International Monetary Fund raised its global growth forecast and on speculation China will ease monetary policy. The MSCI Emerging Markets Index gained 0.3 per cent to 1,022.85 in London, the sharpest increase since April 12 on a closing basis. Samsung Electronics Co. climbed 3.5 per cent in Seoul, leading gains by technology companies. The Micex Index gained 0.3 per cent in Russia and the ISE National 100 Index advanced 0.6 per cent in Turkey. "Speculation of easing measures in China and a positive outlook in the latest IMF report have boosted buying interest in equities, brushing aside the accelerated downside housing data in China," Benoit Anne, chief emerging-markets strategist at Societe Generale in London, said. From gulfnews