Emerging Market Stocks Break Four-Day Losing Streak

(Bloomberg) — Emerging market stocks rose for the first time in five days on Monday on signs of improving corporate performance in Asia and a thaw in U.S.-China relations, while traders gear up for key U.S. inflation data on Tuesday.  

The benchmark MSCI Emerging Markets Index rebounded above its 50-day moving average, with Taiwan Semiconductor Manufacturing Co. Ltd. contributing almost a third of the gauge’s gains after posting the first monthly sales increase since February. The $70.5 billion Vanguard FTSE Emerging Markets ETF reversed losses to finish the session up, while currencies were mixed.