Emerging Stocks Rise to Record High on AI, Iran’s Hormuz Offer

Emerging-market equities rose to a record high, buoyed by optimism over artificial intelligence and a report that Iran offered a new proposal to reopen the Strait of Hormuz.

By Marcus Wong, Abhishek Vishnoi · Bloomberg Markets

Emerging-market equities rose to a record high, buoyed by optimism over artificial intelligence and a report that Iran offered a new proposal to reopen the Strait of Hormuz.