<p>The MSCI Emerging Markets Currency Index rose by 0.1%, with the Brazilian Real leading the way with a 2.16% increase, the largest since November 2022, with the Colombian Peso showing a significant increase.
The MSCI Emerging Markets Stock Index rose by 1.2%, marking the largest single-day increase since June 19th, with Tencent Holdings and Taiwan Semiconductor Manufacturing Company leading the gains.
On the U.S. market, the iShares MSCI Emerging Markets ETF closed up by 1.47%, while the iShares J.P. Morgan USD Emerging Markets Bond ETF closed up by 0.78%</p>

<p>Emerging market assets rose, with investors enthusiastic about the prospect of a Fed rate cut. The MSCI Emerging Markets Currency Index rose by 0.1%, led by the Brazilian Real, marking the largest increase since November 2022. The MSCI Emerging Markets Stock Index rose by 1.2%, achieving the largest single-day gain since June. Tencent Holdings and Taiwan Semiconductor Manufacturing Company led the gains. The iShares MSCI Emerging Markets ETF and the iShares JPMorgan USD Emerging Markets Bond ETF closed higher</p>

Emerging market assets rise, reigniting investors' enthusiasm for the prospect of Fed rate cuts