Emerging Stocks See Best Month Since 2022 Amid AI Boom, Oil Fear

Emerging-market equities posted the best month since 2022, fueled by rallies in Asian technology shares on optimism over artificial intelligence demand, even as oil supply shock persists amid a US-Iran standoff over the Strait of Hormuz.

MSCI’s index for emerging equities gained 14.5% in April, reversing the losses that followed the start of the war. Before a technical index adjustment at the end of day, the gauge was on track to notch the best monthly rise in 17 years.