Economic news

MSCI Emerging Market Index rises to a record high

MSCI Emerging Markets Index rose to a record peak, as easing tensions in U.S.-China trade relations and the recovery of stock markets spurred investors' appetite for risk.

The index jumped 0.5% to 1731.53 points, Bloomberg reported.

According to Bloomberg, U.S. Treasury Secretary Stephen Mnuchin discussed with the Chinese Vice Premier Liu He the problem of the America's trade deficits with China. The ministers agreed to find a mutually acceptable way to reduce this deficit.

In Asia, the South Korean won and the Malaysian ringgit led the increase. The Chinese yuan has risen to its highest level since the beginning of August 2015.

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