Emerging-market stocks advance to 4-month high on U.S.

Emerging-market shares increased on Tuesday climbing to the highest level in four months amid hopes that the U.S. federal budget limit debate come to an end as top senators signalled that a deal may be reached soon. The MSCI Emerging Markets Index gained 0.6% to 1,028.25 as of 1:51 p.m. Hong Kong time and was set to reach its strongest close since May 28.