Reported about 18 hours ago
Emerging-market stocks rallied on Monday, propelled by a 19% surge in Alibaba's shares in Hong Kong after the company's report of substantial revenue growth from AI products and an unexpected increase in cloud sales. This turnaround follows a prior decline in Asian markets amid a tech selloff, as the MSCI EM Index rose 0.7% despite thin liquidity due to the US Labor Day holiday.
Source: YAHOO