B · Normal
[Emerging market stock index hits two-month high, technology stocks rise to offset weakness in other sectors] September 7th, emerging market stock markets started the week higher, and optimism around new AI models boosted technology giant stocks, helping to offset the drag on market sentiment caused by rising oil prices. The MSCI Emerging Markets Index once rose 1.4%, hitting its highest level since June 26. South Korea's benchmark Kospi stock index rose more than 3%. An index of emerging market currencies rose 0.1%, having risen in 12 of the previous 13 sessions. Technology stocks are the best-performing sector in emerging market stock indexes. OpenAI released a new generation of technology, GPT-6, and positioned it as a key milestone in the company's ten-year push to promote the development of general artificial intelligence (AGI). Most other sectors fell as tit-for-tat attacks on oil tankers by Iran and the United States boosted oil prices, while strong U.S. jobs data added to bets that the Federal Reserve may soon raise interest rates.
🕐 2026-09-07 12:48

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