Qatar leads emerging markets' stock rally
China Daily | Updated: 2009-12-03 08:07
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Mark Mobius, chairman of Templeton Asset Management Ltd, speaks at a conference in Singapore. Mobius said Dubai would be 'bailed out' by its neighbors. Bloomberg News |
LONDON: Emerging-market stocks rallied for a third day, led by Qatar, as concern diminished that Dubai will default. The yen weakened on speculation Japan will act to curb its gains and the dollar fell, driving gold to a record.
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