Stocks of emerging markets rise as talks between US & China boost sentiment

Emerging market stocks and currencies rose on Wednesday, as hopes of positive results from US-China trade talks boosted risk sentiment.

China’s foreign ministry said talks with the US had concluded and the results would be released soon.

MSCI’s index of emerging market stocks hit a one-month high and were up 1.3 per cent, while its index of emerging market currencies tacked on 0.2 per cent to move closer to an over five-month peak hit on Monday.

Investors hope the world’s top two economies can strike a deal to ease their bruising trade war, which has cost both sides billions. 

US President Donald Trump tweeted