Emerging market stocks raced to a third consecutive record high, as equities offered the best immediate returns amid ultra-low interest rates across the globe.
South Africa’s rand rose about 0.3%, with the central bank set to hold lending rates at record lows through 2021.
Turkish and South African stocks both touched record highs.
The outlook for emerging market risk assets has improved with the release of several coronavirus vaccines, as investors bet on a quick return to normalcy.
For GRAPHIC on emerging market FX performance in 2021, see tmsnrt.rs/2egbfVh For GRAPHIC on MSCI emerging index performance in 2021, see tmsnrt.rs/2OusNdXFor TOP NEWS across emerging marketsFor CENTRAL EUROPE market report, seeFor TURKISH market report, seeFor RUSSIAN market report, see
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