Emerging-market stocks rose for a second session amid signs of easing tensions in the Middle East and after softer US economic data fueled hopes the Federal Reserve might take a less hawkish stance.
An MSCI Inc. gauge of developing-nation equities finished 0.7% higher Tuesday, extending gains after US PMI readings came in below expectations. Currencies also advanced, with the Mexican peso, the Brazilian real and the Hungarian forint registering the biggest appreciations in a basket of peers.