EM index notches longest monthly winning streak in over two decades

Driven by Chinese stocks, the index gains for 9th straight month in September, while India lags behind

- SAMIE MODAK

The MSCI Emerging Market index recorded its ninth consecutive monthly gain in September, marking the longest winning streak for the 24-country EM index since March 2004.

‘The index climbed neatly 7 per cent —its largest monthly rise since November 2023 — while India’s gains were under 1 per cent. The performance of the index has been primarily driven by China, which holds the largest weight, whereas India, its third-largest component, has struggled to keep pace.