Emerging equity markets gain most in two weeks on Cyprus deal

Source: Bloomberg
The MSCI Emerging Markets Index advanced by 0.9% to 1,024.44 points at the midday trading session in Hong Kong on Monday. Last week the index was close to the lowest level since 22nd of December, but today it gained the most since Mar 11, as Cyprus reached an agreement with the troika. This deal will allow Cyprus get 10 billion Euros of emergency loans and reduce uncertainties in the markets.

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