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News from Emerging Markets
Taiwan stocks ended at their highest close in 7-1/2 years on Thursday, led by buying in financials and chip shares. The main TAIEX index ended up 1.92 per cent to 9,797.49, its highest close since Oct. 29, 2007, when it settled at 9,809.88. The rally extended the 0.8 per cent gain made in the prior session.
South Korea's economic growth continued to stagnate in January to March, drawing concern as private consumption and slowing exports pulled growth below 1 percent for the fourth consecutive quarter. The Bank of Korea said Thursday that the economy expanded 0.8 percent in the first quarter, compared to October-December 2014.
China's factory activity contracted at its fastest pace in a year in April, a private survey showed, suggesting that economic conditions are still deteriorating despite increasingly aggressive policy easing by the central bank.
Malaysia is on track to achieve its projected growth for this year as well as its other goal to attain high-income nation status by 2020, thanks to the stability of its institutions and diversification of its economic structure.
Confidence indexes for key sectors in Turkish business slipped in April after falling in March, the Turkish Statistical Institute said in a statement Friday.
The state has realized 109 million dollars from the exports of crude oil and taxes for the first quarter of this year. This was contained in the petroleum receipts and distribution report for the first three months of 2015.