Emerging-market stocks rose, paring the first monthly drop since August, as Petroleo Brasileiro SA to Cnooc Ltd. drove gains in energy producers. South Korea’s won rose for a fifth month in the longest rally since 2007.
Emerging-market stocks rose the most in two months, snapping the longest slide since 2006, as companies including Tata Steel Ltd. and Cia. Siderurgica Nacional SA reported earnings that exceeded analysts’ estimates.
Emerging-market stocks declined for a third day, the longest slide in a month, as OGX Petroleo e Gas Participacoes SA led losses in Brazil and China’s companies linked to the Shanghai free-trade zone tumbled.
Emerging-market stocks advanced, led by Russia, as OAO Lukoil and OAO Gazprom paced a rally in energy companies. India’s equities and bonds climbed after the nation’s central bank relaxed liquidity curbs.
The iShares MSCI Emerging Markets Index exchange-traded fund capped the longest advance in more than six years after data showed Chinese exports grew more than estimated. Brazil’s Ibovespa entered a bull market.