Emerging-Market Stocks Resume Rally on China Bets as Ruble Falls

April 21, 2015 10:50 AM

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Emerging-market stocks rose for the first time in three days as Chinese equities returned to a seven-year high and construction companies led gains in Dubai. Russia’s ruble weakened for a fourth day.

Kweichow Moutai Co. jumped to a record after reporting better-than-estimated earnings, helping the Shanghai Composite Index advance 1.8 percent. Union Properties PJSC surged 11 percent in Dubai, pushing the benchmark gauge to its highest level since December. The Micex Index headed for a six-week hi...

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