Emerging-market currencies fell and stocks climbed amid limited liquidity on Tuesday as traders digested the latest private payroll data and assessed market impact of an imminent end to the US government shutdown.
The benchmark MSCI EM currency index closed 0.1% down after an end-of-day index adjustment, while a similar equity index advanced 0.2%, led by Samsung Electronics and SK hynix. The measure for currencies edged higher earlier in the day after a preliminary estimate of US payroll data supported bets for an interest rate cut by the Federal Reserve in December.