Reported 11 months ago
Emerging-market assets, including Mexico's peso, showed signs of recovery after a selloff following unexpected election results in major developing economies. The peso gained 2.1% against the dollar, following a two-day slump, as investors reevaluated the impact of Claudia Sheinbaum's election victory. Meanwhile, India's rupee strengthened with support for Prime Minister Narendra Modi, but South Africa's rand faced challenges. Across markets, emerging-market stocks rose, Asian tech firms saw gains, and debt restructuring negotiations were underway in Sri Lanka.
Source: YAHOO