16:28 - 1.09.2025

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September 1, Fineko/abc.az. Emerging market stocks are heading for their first gain in five days, driven by a rise in AI-related shares in Hong Kong and China.

According to ABC.AZ, Bloomberg reports that the MSCI EM index rose 0.7% as Alibaba Group Holding Ltd. shares in Hong Kong jumped 19%—a three-year high—after news of a sharp increase in AI-driven revenue. The surge contrasts with the broader Asian market, where stocks came under pressure following a tech sector sell-off on Wall Street.

The MSCI EM currency index remained mostly unchanged, with trading activity subdued due to Labor Day celebrations in the U.S.

The Indonesian rupiah strengthened more than other Asian currencies against the dollar after the Bank of Indonesia intervened to support the currency amid political unrest over the weekend.