Original title: Emerging Equities Gain First Time in Five Days on Alibaba Surge
Emerging-market equities headed for the first gain in five days, led by advances in artificial intelligence-related stocks in Hong Kong and China. The MSCI EM Index rose 0.7% as Alibaba Group Holding Ltd. jumped 19% in Hong Kong — the most in three years — after the company reported a surge in revenue from AI. That’s in contrast to the broader Asian market where equities came under pressure after a tech selloff hit Wall Street.