(Bloomberg) -- Emerging-market stocks advanced, snapping a four-day retreat, as a decline in Chinese money- market rates eased concern about a cash squeeze. Ukraine bond yields surged amid deadly anti-government clashes.
The MSCI Emerging Markets Index added 0.6 percent to 976.47. The Shanghai Composite Index rallied the most in two months as money-market rate decreased for a second day. Brazil’s Ibovespa climbed as Vale SA drove gains in commodity exporters, while Indian stocks jumped to a record. Yields on Ukraine’s bonds due in June jumped the most in almost two months and stocks fell following a night of street violence,