Emerging-market stocks advanced to a three-month high as China’s industrial production data beat estimates and concern over a U.S.-led strike in Syria eased.India’s rupee capped the biggest four-day gain since 1973.
The MSCI Emerging Markets Index added 1.6 percent to 989.49 at 3:37 p.m. in New York. The iShares MSCI Emerging Markets Index exchange-traded fund was set for the longest rally since2004. (EEM) Benchmark equity gauges from India to Turkey (XU100) and South Africa rose at least 1.8 percent, while the Hang Seng China Enterprises Index entered a bull market. Dubai’s stock index surged the most in the world. The rupee led gains in 18 out of the 24 developing-nation currencies tracked by Bloomberg.