Emerging-market stocks rose, sending the benchmark gauge toward a six-week high, as India’s rupee paced gains in Asian currencies. Russian shares declined after Crimea’s parliament voted to separate from Ukraine.
Emerging-market stocks rose for a second day as concerns eased that the standoff in Ukraine will escalate into a war. Chinese shares fell after a solar company warned it is unable to meet a bond-interest repayment.
Asian stocks rose, rebounding from the regional index’s first back-to-back declines in a month, as investors weighed the crisis in Crimea and ahead of the National People’s Congress annual meeting in China starting tomorrow.
Emerging-market stocks advanced, snapping a two-day decline, after better-than-estimated U.S. housing data bolstered confidence in the global economy. Tencent Holdings Ltd. led technology companies to a record high.