Emerging-market stocks climbed to the highest in almost six months as commodity prices advanced on speculation stimulus packages are beginning to thaw global credit markets and revive economic growth. The MSCI Emerging Markets Index added 1.6% to 626.92, the highest since October 14 (see chart above). The index, which lost 54% of its value last year, has gained 11% in 2009 as governments take steps to increase liquidity and boost financial aid for developing nations hardest hit by the global credit crunch.
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