MSCI emerging-market index jumps 14.5% as AI fuels Asian tech
NewsBytes | May 1, 2026 2:39 PM CST
JPMorgan prefers Latin-American and Eastern-European currencies
Despite the big gains, emerging-market stocks dipped 1.1% on Thursday as oil prices stayed high and conflict fears lingered.
JPMorgan has also shifted its strategy, now preferring currencies from places like Latin America and Eastern Europe over Asia because of stagflation risks and shaky valuations, especially as Asian oil-importing currencies took a hit.
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