China Euphoria Spurs Rally Before Gains Are Trimmed

(Bloomberg) — Emerging-market assets posted a second week of gains as a surge in Chinese stocks boosted risk appetite, overcoming concern at a spike in coronavirus cases. Stocks retreated from a near four-month high on Friday after Chinese authorities warned about the dangers of a potential equity bubble. Sino-U.S. tensions also remained on the market’s radar with the U.S. putting sanctions on a politburo member. Read More