Developing-nation currencies and stocks advanced Thursday as positive signals on global trade and steps toward a truce in Ukraine supported risk sentiment.
The MSCI index for EM currencies ended the day with a 0.3% gain, as names in eastern Europe climbed on optimism of a ceasefire in Ukraine. The MSCI EM Index for equities climbed 1.3%, the most in two weeks, as chip manufacturer Taiwan Semiconductor Manufacturing Co. rose to a record on the prospect of being exempted from US semiconductor tariffs.