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BRICs' diverging outlooks spur stock split

Chinese, Indian equity indices surge; Russian, Brazilian gauges decline

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WEAKENING LINK: More than 13 years after the BRIC moniker entered usage to characterise Brazil, Russia, India and China as a single economic concept, the connection is breaking down.

Singapore

THE BRIC grouping of Brazil, Russia, India and China has never looked so disunited to stock investors. While Chinese and Indian benchmark equity indexes surged an average 40 per cent in 2014, Russian and Brazilian gauges posted a mean drop of 4.2 per cent.

The annual