Emerging market stocks looked set to snap a six-day losing streak on Tuesday, after China reassured investors of its growth prospects in the second quarter, while Russia’s rouble steadied following a volatile session due to geopolitical tensions.
The MSCI’s index for emerging market stocks rose 0.5% by 0853 GMT, with equity indexes in China and Hong Kong leading the advance as they gained between 1% and 2%. China’s Premier Li Qiang said the country’s economic growth in the second quarter will be higher than the first and is expected to reach the annual growth target of around 5%, easing worries around Beijing’s uneven post-COVID-19 recovery.
Fidelity Emerging Markets Limited (LON:FEML) is an investment trust that aims to achieve long-term capital growth from an actively managed portfolio made up primarily of securities and financial instruments providing exposure to emerging markets companies, both listed and unlisted.
