Emerging stocks extend their winning streak
London
EMERGING stocks rose for the fifth day in a row on Thursday, their longest winning streak so far this year, and were on track for their biggest weekly gain since last October, while South African shares leapt to three-month highs.--
MSCI's emerging equity index rose almost one per cent - up more than 4 per cent so far this week, tracking a rally on Western bourses. The rally has followed a cut in reserve requirements for Chinese banks earlier in the week and heartening US economic data especially on job creation .
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Capital Markets & Currencies
Mixed trading in Asia as investors watch for further macro data; STI down 0.2%
Vietnam delays launch of new stock trading system
Hong Kong bourse regains favour on hopes of a market revival
Asia: Markets rise as strong US tech earnings offset poor data
Singapore shares open lower on Friday; STI down 0.1%
Stocks to watch: CLI, Great Eastern, MIT, Sheng Siong, iFast, OUE, Far East Orchard