(Bloomberg) -- The iShares MSCI Emerging Markets Index exchange-traded fund jumped the most in three weeks after a better-than-estimated U.S. employment report outweighed concern the Federal Reserve will reduce economic stimulus.

The developing-nation ETF rose 1.8 percent to $41.77 at 11:41 a.m. in New York. The MSCI Emerging Markets Index added 0.5 percent to 1,003.46. The Borsa Istanbul National 100 Index climbed 1.9 percent, led by banks, while Russia’s Micex Index jumped the most in three weeks. India’s 10-year bonds fell for a seventh day on concern outflows from local-currency debt may quicken. Mexico’s peso led gains among 31 major currencies after the central bank kept borrowing costs at a record low.

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