Emerging Markets-Emerging stocks sail to new 19-month highs

Feb 22 Wall Street’s record run helped emerging stocks sail to new 19-month highs on Wednesday with year-to-date gains of over 10 percent, while the rand firmed ahead of a key budget speech by the finance minister. MSCI’s emerging equity index firmed half a percent , led by a 1 percent rise in Hong Kong after New York shares hit record highs and European bourses were boosted by upbeat factory data in Germany and France.