June 1 (Bloomberg) — Emerging-market stocks rose the most in two weeks, extending a record three-month rally, after China’s manufacturing expanded and UBS AG said Russian shares may surge another 30 percent this year.
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Emerging-Market Stocks Rise, Extending Record Rally, on China
Bloomberg OAO Gazprom, Russia's biggest natural-gas producer, advanced 5.3 percent and OAO Sberbank, Russia's biggest bank, increased 9 percent. The rally in Russian stocks “has not run out of steam,” and an improvement in the economy in the third quarter may … |
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