Emerging Market Stocks Rally on China Lending Outlook

Emerging-market stocks rose to a six-month high as China’s central bank asked lenders to expedite home-loan approvals and South African shares headed for a record. Indonesia’s rupiah led gains among currencies.

China Resources Land Ltd. rose 6 percent. South Korea’s Kospi index jumped 1.4 percent as the won fell against the dollar after a suspected intervention. South Africa’s equity gauge gained as BHP Billiton Ltd., the world’s biggest mining company, said it’s in talks to sell its Australian nickel unit. Brazil’s Ibovespa rose to the highest since November after companies including health insurer Qualicorp SA reported earnings that exceeded analysts’ estimates.
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