Emerging Stocks Erase 2025 Loss as Traders Weigh Trade-Deal Odds

Emerging-market stocks rallied, erasing losses for the year, while currencies were mixed Wednesday as traders weighed the odds of a moderation in trade tensions between the world’s two largest economies.

An MSCI Inc. gauge for developing-nation equities rose for a fifth session, clocking its longest winning streak since February. The advance was led by gains in the technology and consumer discretionary sectors. Latin American stocks climbed 2.1% to close at the highest since November.

The resilience stands out as the S&P 500 Index remains more than 8% lower for the year, battered by US President Donald Trump’s flip-flops on tariffs. ...