Emerging-Market Stocks Exit Bear Market With Three-Day Surge

Bloomberg says

Emerging-market stocks exited a bear market after MSCI Inc.'s index of developing nations surged more than 20 percent in three days following liquidity injections by the U.S. and International Monetary Fund.

The MSCI Emerging Markets Index of 25 nations jumped 9.2 percent to 558.02 at 10:07 a.m. in New York, bringing its advance since the Oct. 27 close to 23 percent. Russia's Micex Index increased the most, adding 17 percent.