Emerging-market stocks are on a winning streak as slow recovery in the developed world offsets concerns over geopolitical tensions.
Emerging market stocks fell on Wednesday, led by concern that valuations were overdone.
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Concerns over disruption in Iraq’s crude oil supplies have been abated and both a stronger rand and ruble have seen emerging markets advancing.
Shares in emerging markets dropped from a 13-month high as the rand softened and shares in China, India and Iraq slid.