(Bloomberg) -- The iShares MSCI Emerging Markets Index rebounded from a four-week low after data showing a slowdown in China’s expansion bolstered speculation the government will take further steps to stimulate economic growth.

The exchange-traded fund rose 0.5%  to $41.31 at 10:40 a.m. in New York. The MSCI Emerging Markets Index added 0.1% to 1,000.47. The Shanghai Composite Index climbed after the biggest slide since March 10 while China’s benchmark interest-rate swaps touched a one-month low on bets the central bank will loosen monetary policy. Russia’s ruble advanced for the first time in four days as the U.S. signaled it won’t impose additional sanctions before talks on Ukraine tomorrow.

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