Economics
EM Review: Rally Resumed as Jobs Data Outweighed Virus Fears
- Early vaccine trial is promising; Fauci warns virus may mutate
- U.S. puts sanctions on China officials over new Hong Kong law
Workers labor at the construction site of an elevated highway on the outskirts of Shanghai, China, on June 12.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Emerging-market stocks posted the biggest weekly gain in a month as better-than-expected U.S. payroll numbers added to optimism the world economy is recovering from the coronavirus crisis. At the same time, global infections continued to rise, slowing re-opening moves in some countries. Gains were also capped by the resurgence of U.S.-China tensions over the imposition of a new security law on Hong Kong.
The following is a roundup of emerging-market news and highlights for the week through July 5: