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Emerging Stocks Gain as U.S. Sales Bolster Outlook for Exports

New investment opportunities open with higher U.S. exports and possible European crisis containment.

By Maria Levitov and Julia Leite, Bloomberg | Updated on October 16, 2012

Emerging-market stocks rose the most in a month after U.S. retail sales beat estimates and as a report showed German investor sentiment is improving, boosting prospects for exports.

The MSCI Emerging Markets Index rallied 0.9 percent to 1,003.87 at 11:16 a.m. in New York, the biggest gain since Sept. 14 on a closing basis. Samsung Electronics Co. surged the most in more than a month in Seoul. The Bovespa gained 1.1 percent as Vale SA, the world’s biggest iron-ore producer, jumped on speculation infrastructure investments in China will boost the commodity. Turkey’s ISE National 100 Index rose to the highest level almost two years, led by Asya Katilim Bankasi AS.

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