Emerging Market Stocks Rise Every Month This Year, First Time Since 1993

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The emerging-market equity benchmark is set for a 10th straight monthly gain in October, as an artificial-intelligence boom and a weaker dollar drive capital inflows.

The MSCI Emerging Markets Index fell 0.6% on Friday but remained on track for a 4.2% advance this month. The gauge has rallied every month from January to October — a feat last seen in 1993.