Emerging Markets Set 13-Month High, +67% Year-To-Date

LONDON, Oct 9 (Reuters) - Emerging stocks hit their highest level in over a year for a fourth straight day on Friday and sovereign debt spreads traded at their tightest since August 2008, boosted by growing optimism over the global economy and an ongoing search for yield.

MP: The chart above shows that the MSCI Emerging Markets Index reached 946.3 on Friday, the highest level since August 29, 2008. On a YTD basis, the Emerging Market Index is up by 67%, and from the early March low almost 100%.

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