EMERGING MARKETS-Developing-world assets rise on hopeful China data [Reuters]
NASPERS LTD S/ADR (NPSNY)
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Source: Reuters
EMERGING MARKETS-Developing-world assets rise on hopeful China data - Reuters 3 Min Read July 15 (Reuters) - Emerging-market shares rose on Monday as data from China helped to allay fears about the world’s second-largest economy and a weaker dollar boosted most developing-world currencies. Second-quarter economic growth in China slipped to its slowest in at least 27 years, although it was in line with expectations. Separate data for industrial output and retail sales beat expectations. “The June industrial production and retail sales data were both stronger than expected, which has encouraged speculation that stimulus is having a positive impact,” Rabobank analysts said. The encouraging data, a result of Beijing’s efforts to prop up domestic growth and offset some of the damage from a trade war with the United States, lifted the mood across equity markets. MSCI’s index for emerging-market shares rose more than half a percent, led by Asian indices. Mainland China shares gained 0.4%, Ho
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