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Earnings boost, recovery hopes lift emerging markets stocks to fresh record high

·1-min read

LONDON (Reuters) - MSCI's emerging market equity index hit a fresh record high of 1,422.54 on Wednesday, boosted by a combination of hopes for an economic recovery and solid earnings.

MSCI's main emerging-market index, which covers nearly 1,400 companies across 27 developing-world countries, rose 0.9% on the day and has gained seven out of the last eight sessions.

The index, which is heavily skewed towards Asian tech and internet stocks, last hit a record high in early January.

(Reporting by Tom Arnold, writing by Karin Strohecker, editing by Dhara Ranasinghe)