Emerging Stocks Gain as U.S. Sales Bolster Outlook for Exports

MSCI Emerging Markets Index rallied 0.9 percent, biggest gain since Sept. 14, 2012.

Emerging-market stocks rose the most in a month after U.S. retail sales beat estimates and as a report showed German investor sentiment is improving, boosting prospects for exports.

The MSCI Emerging Markets Index rallied 0.9 percent to 1,003.87 at 11:16 a.m. in New York, the biggest gain since Sept. 14 on a closing basis. Samsung Electronics Co. surged the most in more than a month in Seoul. The Bovespa gained 1.1 percent as Vale SA, the world’s biggest iron-ore producer, jumped on speculation infrastructure investments in China will boost the commodity. Turkey’s ISE National 100 Index rose to the highest level almost two years, led by Asya Katilim Bankasi AS.

 All ten industry groups in the MSCI Emerging Markets index rose, led by information technology shares. The developing- nations gauge has advanced 9.6 percent this year, trailing a 12 percent gain in the MSCI World Index of developed countries. The emerging-markets measure trades at 11.5 times estimated earnings, compared with the MSCI World’s multiple of 13.3, according to data compiled by Bloomberg.

Samsung surged 2.3 percent in Seoul. ZTE Corp., China’s second-biggest phone-equipment maker, fell 4.2 percent in Shenzhen after the company said it probably posted a loss in the third quarter. Reliance Communications Ltd. dropped 4.9 percent in Mumbai, the biggest loser on the MSCI Emerging Markets Index.

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