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Emerging market stocks headed for longest weekly rally in four months

The Shanghai Composite Index slid 0.2 per cent, erasing a gain of as much as 3.4 per cent in the last half hour of trading, as traders weighed the prospect of stimulus amid data signalling a deeper economic slowdown.


EMERGING market stocks headed for the longest weekly gain in four months and currencies strengthened after a second Federal Reserve official cautioned against raising interest rates this year.

China Merchants Bank led Chinese financial stocks higher on bets that the