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Emerging Stocks Set for Longest Monthly Rally Since 2004 on Tech

Emerging-market stocks are headed for their ninth consecutive month of gains, the longest winning streak in more than 21 years, as investors continue to pour money into Asian technology shares.

The MSCI’s equity benchmark for developing economies rose 0.4%, extending the monthly advance to 6.9%. Hong-Kong listed blue chips Alibaba Group Holding Ltd. and Tencent Holdings Ltd. were the main contributors on Tuesday, together with chipmaker Taiwan Semiconductor Manufacturing Co.

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