Emerging-Market Stocks Advance on Earnings, Growth Prospects

Emerging-market stocks rose, completing their biggest three-day gain in eight months, on prospects for economic growth and increased profits.

Indexes in China, Brazil, Hungary, Mexico, Turkey and Malaysia gained more than 1.8 percent. India's Sensitive Index climbed the most in eight months after the country's prime minister said the economy may expand more than 9 percent this year.

U.S. Treasury Secretary Henry Paulson said yesterday global economic growth is "solid.'' The U.S. economy is likely to strengthen this year, economists said in a survey by Bloomberg. Premier Wen Jiabao of China, the world's fastest growing major economy, left the 8 percent growth target unchanged from last year.

Read more at Bloomberg.com