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.
Belgium's Avesta Battery and Energy Engineering (ABEE) on Monday signed a contract with North Macedonia to build a factory for the production of electric batteries for cars, the government said.
The Czech government has approved a bill lowering the majority of shareholders needed to approve restructuring of public companies, giving the state an easier avenue to potentially splitting energy utility CEZ, analysts said.
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.
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.