Emerging-market stocks rise as Turkey rises interest rates

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Source: Bloomberg
Emerging-market shares jumped on Wednesday together with a rally of emerging currencies after the Turkish national bank decided to hike its interest rates notable on an emergency policy session yesterday. The MSCI Emerging Markets Index gained 1.4% to 946.69 as of 3:33 p.m. Singapore time and was set to record its largest gain since November 18.

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Wed, 29 Jan 2014 11:02:06 GMT

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