Driven by technological boom, emerging market equities are expected to have their best quarterly performance since 2009

On the last trading day of the month, buoyed by the Korean and Taiwan stock markets, the MSCI Emerging Markets Equity Index rose by nearly 1%, with these two markets providing strong support for this year’s rebound. On a quarterly basis, the Emerging Markets Equity Index has climbed more than 23%, marking the largest increase since June 2009. Despite the strength of the US dollar leading to a 1% monthly decline in the emerging markets currency index, and as expectations for interest rate hikes by the Federal Reserve intensify, currencies in developing countries may face further headwinds.