Emerging market stocks are expected to post their biggest weekly gain since the outbreak of the COVID-19 pandemic.

With the market's increasing optimism that the fragile ceasefire agreement in the Middle East can be maintained, emerging market stocks rose on Friday and are expected to achieve the largest weekly increase since the outbreak of the COVID-19 pandemic. The MSCI Emerging Markets Index rose by 1.2%, nearing the complete recovery of all losses since the US-Iran war erupted on February 28. Investors are eagerly awaiting the outcome of this weekend's US-Iran talks. The index of currencies in developing countries rose by 0.1%, marking the largest weekly increase since May 2025. Inflation data from the world's largest economy helped push down the US dollar, thereby boosting currencies of various countries.