A gauge of emerging market stocks rose on Monday, lifted by rising heavyweight Asian markets, while currencies were mixed at the start of a week packed with monetary policy decisions globally. MSCI's index for emerging market stocks gained 0.2% as of 0910 GMT, with shares in South Korea outperforming with a more than 2% jump. The Korean bourse surged as Samsung Electronics advanced 6% on plans to buy back shares worth 10 trillion won ($7.17 billion) over a one-year period. In emerging Europe, most equities were on the rise, with Hungary's benchmark jumping more than 1%, while most currencies slipped against the euro.
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Source Id: 2024-11-549133676