{"id":8696,"date":"2012-03-08T14:59:41","date_gmt":"2012-03-08T12:59:41","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/emerging-markets-stocks-rise-over-1-pct-on-greece-hungary-recovers\/"},"modified":"2012-03-08T14:59:41","modified_gmt":"2012-03-08T12:59:41","slug":"emerging-markets-stocks-rise-over-1-pct-on-greece-hungary-recovers","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/emerging-markets-stocks-rise-over-1-pct-on-greece-hungary-recovers\/","title":{"rendered":"EMERGING MARKETS-Stocks rise over 1 pct on Greece, Hungary recovers"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Emerging stocks rise over 1 pct, debt spreads tighten<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Hungary stocks, forint bounce from lows<\/p>\n<p><span><\/span><\/p>\n<p>* Polish zloty rallies more than 1 pct<\/p>\n<p><span><\/span><\/p>\n<p>By Philip Baillie<\/p>\n<p><span><\/span><\/p>\n<p>LONDON, March 8 (Reuters) &#8211; Emerging markets rose on<br \/>\nThursday, reversing losses made in the previous session, as<br \/>\ninvestors expected private holders of Greek debt to agree a<br \/>\nvoluntary restructuring needed to avoid a messy default, and the<br \/>\noptimistic mood also boosted debt-laden Hungary.<\/p>\n<p><span><\/span><\/p>\n<p>There has been a strong take-up of Greece&#8217;s bond swap offer<br \/>\nby private investors ahead of a 2000 GMT deadline for acceptance<br \/>\nof the deal, a Greek government official said, a key element in<br \/>\nan 130 billion euro ($170.57 billion) second bailout for the<br \/>\nindebted euro zone country.<\/p>\n<p><span><\/span><\/p>\n<p>MSCI&#8217;s benchmark emerging markets index gained 1.1<br \/>\npercent, recouping losses from a three-day downward session, as<br \/>\ninvestors became more comfortable about buying riskier assets.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Even though you can say sometimes that the market is tired<br \/>\nof this Greek story, it remains one of the key factors,&#8221; said<br \/>\nMurat Toprak, emerging FX strategist at HSBC.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Yesterday there was a sell-off because there were question<br \/>\nmarks about PSI (private sector involvement), now there is talk<br \/>\nthat the PSI threshold of 75 percent is going to be crossed,<br \/>\nthat is impacting emerging markets in a positive way.&#8221;<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Emerging stocks rise over 1 pct, debt spreads tighten * Hungary stocks, forint bounce from lows * Polish zloty rallies more than 1 pct By Philip Baillie LONDON, March 8 (Reuters) &#8211; Emerging markets rose on Thursday, reversing losses made in the previous session, as investors expected private holders of Greek debt to agree [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-8696","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8696","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=8696"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8696\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=8696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=8696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=8696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}