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Emerging Market Stocks Experience Monthly Gains Throughout 2023, a First Since 1993

In an impressive streak, the emerging-market equity benchmark is on track to secure its tenth consecutive monthly increase in October 2023. This remarkable performance marks the first time since 1993 that such a sustained rise has been recorded.

The surge in emerging market stocks is largely fueled by a booming artificial intelligence sector, which has attracted significant investment and capital inflows. Investors are increasingly optimistic about the potential of AI technology, leading to heightened demand for stocks in emerging markets.

Additionally, a weaker U.S. dollar has played a crucial role in this upward trend. As the dollar softens, it makes investments in emerging markets more appealing to foreign investors, further propelling capital flow into these regions.

This combination of factors not only highlights the resilience of emerging markets but also underscores the evolving landscape of global investment opportunities. As we move further into the year, analysts will be closely monitoring these trends to assess their long-term implications for both emerging markets and the global economy.

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Source: Original