Propelled by the euro zone's recovery, Europe's emerging markets are rising above the storm that has hit other developing economies.
Stock markets in Central and Eastern Europe are up 1.2% in the past three months, compared with a 7.5% drop in emerging markets overall, according to index provider MSCI. These markets have risen 2.3% when Russian companies, which have been hard hit by falling commodity prices, are excluded.
Currencies such as Poland's zloty and the Bulgarian lev also are up against the dollar since May, while India's rupee and Turkey's lira have slid to record lows.
Read more: Emerging Europe Is a Haven in Selloff - WSJ.com
Stock markets in Central and Eastern Europe are up 1.2% in the past three months, compared with a 7.5% drop in emerging markets overall, according to index provider MSCI. These markets have risen 2.3% when Russian companies, which have been hard hit by falling commodity prices, are excluded.
Currencies such as Poland's zloty and the Bulgarian lev also are up against the dollar since May, while India's rupee and Turkey's lira have slid to record lows.
Read more: Emerging Europe Is a Haven in Selloff - WSJ.com
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