Emerging-market stocks advance on U.S. and China's reports

Source: Bloomberg
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Developing countries' stocks rose after the U.S. reported that companies hired more workers than experts predicted and after China said it would use funds to improve infrastructure in order to stabilize economic growth. The MSCI Emerging Markets Index increased 0.6% to 917.86, where all industry groups comprising the gauge advanced.
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Thu, 04 Jul 2013 07:37:05 GMT

Won appreciates on minister's comments

The South Korea's Won advanced today due to Finance Minister's comments that the government will interfere with some areas in the economy to increase competitiveness, employment and economic growth. The currency jumped 0.5% to 1,138.45 per U.S. Dollar, while Goldman Sachs predicts that the Won will rise to 1,110 in three months,.

Wed, 03 Jul 2013 13:55:14 GMT

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