The shares of emerging market companies rose almost 7% in dollars in September, the largest streak in two decades.
The Shares of emerging market companies They crowned their Ninth consecutive earningsmarking the longest bullish streak in more than two decades (specifically, since 2004) and one of the most important milestones in history, mainly thanks to the technological companies of Asia.
Promptly, The MSCI reference index for developing economies advanced 0.4% on Tuesday, which expanded his 6.9% monthly increase. Among the main drivers were Alibaba Group Holding, Tencent Holdings and Taiwan Semiconductor manufacturing, listed in Hong Kong and Taiwan.
Emerging market actions rise thanks to AI
As reflected in the contributions, The rebound was led by Asian technologyfavored by optimism around the development of artificial intelligence (AI).
In this framework, fortunately for investors, the trend could continue. “Chinese technological actions, despite a strong rebound this year, are still negotiated at cheaper assessments than their US pairs, where extended multiples are becoming a concern,” he said Ipek Ozkardeskayaanalyst at Swissquote.
In the exchange market, The emerging currency indicator remained stablewith the Hungarian Florin to the head against the dollar. Investors remained attentive to the risk of a closure of the US government, although the impact on financial assets was limited.
LIVING FINANCE MARKETS ACTIONS BAGS INVESTMENTS
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Mark HaefeleInvestment Director of UBS Global Wealth Management, recommended to focus on other support factors, such as the fees of the US Federal Reserve (FED), the solid corporate balances and the monetization of AI.
The rebound extends by Asia
For its part, in the Middle East, The TA-35 Israeli index reached a historical maximum After the announcement of a 20 -point peace plan between President Donald Trump and Prime Minister Benjamin Netanyahu to end the war in Gaza. However, the Shekel backed away and cut part of the previous profits.
In Asia, the mood was more disparate: The Philippine actions prolonged their fall and the weight weakened due to accusations of corruption against government officials, which caused outfit departures.
In debt markets, Kuwait returned to international financing With its first bond broadcast in eight years, while Egypt launched a reference Sukuk placement.
Source: Ambito
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