Emerging stocks climb on Russia as RTS leads world gains

Bloomberg - Emerging-market stocks advanced, rebounding from a one-month low, as concern eased that the referendum in Crimea will lead to more violence in the region. Russia’s RTS Index rose the most among global equity gauges.

The MSCI Emerging Markets Index rose 0.6 percent to 943.22. The Micex Index, which slumped into a bear market last week, climbed 3.7 percent, while the dollar-denominated RTS posted the biggest gain among 94 equity measures. Benchmark gauges in Hungary, Poland and Turkey added more than 1.4 percent. Indonesia’s rupiah rallied to the highest in 19 weeks as Jakarta Governor Joko Widodo’s candidacy lured foreign inflows.

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