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Emerging Markets Eke Out Gains in Thin-Volume Holiday Trading

Bloomberg.com·Srinivasan Sivabalan·about 1 month ago
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Emerging-market benchmarks for stocks and currencies posted small gains in holiday-thinned trade, with most markets in Asia, Europe and Africa closed for Labour Day.

The MSCI Emerging Markets Index rose 0.2%, with United Arab Emirates stocks, including First Abu Dhabi Bank PJSC and ADNOC Drilling Co. contributing most to the gains. However, trading volumes in the gauge’s companies were 99.8% lower than their 30-day average. The currency index rose 0.2%, helped by gains in the South Korean won and Polish zloty.

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