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 .