Emerging market stocks gained on Monday as hopes of improved Sino-U.S. relations buoyed equities in China following remarks from U.S. President Joe Biden, while the Turkish lira continued to languish at record lows.
Most emerging market currencies on Friday were set for losses at the end of a rollercoaster week that saw the dollar being lifted by optimism over a U.S. debt ceiling deal, while Turkey's lira hovered close to an all-time low seen in the previous session.
Petrofac Ltd said on Thursday its joint venture with China Huanqiu Contracting & Engineering Corp has received a conditional $1.5 billion award from Algerian oil and gas company Sonatrach, sending its shares up 9%.
Emerging market currencies inched lower against a firm dollar on Thursday, with the Chinese yuan hitting a five-month low on concerns around the country's uneven economic recovery, while Turkey's lira weakened further, nudging closer to all-time lows.
Kenyan athlete and 10-km road race world record holder Rhonex Kipruto has been provisionally suspended for an anti-doping violation, the Athletics Integrity Unit (AIU) said on Wednesday.