“Investors snapped up $1.8 billion worth of stock sold by Chinese banks in Hong Kong over the past two weeks, while India’s stock market has climbed to record highs. Brazil sold $3.25 billion of debt, its biggest dollar-denominated offering on record, and Pakistan said Monday it plans to sell debt overseas for the first time in six years. The rally as the year draws to a close gives investors who are judged on annual performance an opportunity to make up lost ground. Books close for 2013 in less than two months, and emerging markets proved disappointing for much of the year. Argentina’s stock market is a standout, rallying 80% since July.”
http://online.wsj.com/news/articles/SB10001424052702303936904579180793930457788
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