Emerging market stocks rose

Emerging market stocks rose, lifting the benchmark index to a maximum of one week, after Hyundai Heavy Industries Co. won more orders are sent from a client and inflation slowed to India at least 11 months.

The MSCI Emerging Markets Index rose 0.5 percent to 1128.28 as of 10:31 am in New York, went to its highest close since Dec. 7. The Bombay Stock Exchange Sensitive Index rose 0.6 percent, falling inflation led to speculation the central bank to pause in raising interest rates. reference measurements in Russia and Brazil fell.

Hyundai Heavy, the world's largest shipbuilder, rose 8.9 percent in Seoul after Hapag-Lloyd AG container increased request. Sterlite Industries (India) Ltd., the largest copper producer in India, rose by 3.4 percent as the metal rose to a record. Hon Hai Precision Industry Co. rose 2.2 percent in Taipei on speculation that it will form a solar company.

"This certainly increases the confidence of investors," said Kishor Ostwal, director of the CNI Research (India) Ltd., a publicly traded provider of research activities in Mumbai. "Companies can now expect the central bank to focus more on the relaxation of a liquidity crisis for them to raise funds for expansion."

Developing country bonds gained as investors extra yield to the demand characteristic of the debt rather than U.S. Treasuries fell 7 basis points to 228, according to JPMorgan Chase & Co. 's EMBI + index.

"Nice run Up '

The MSCI Emerging Markets index has risen 15 percent this year. The indicator fell 0.6 percent last week as concern grew that the central bank of China may raise interest rates. The bank instead of increased requirements of lenders reserve ratio. The MSCI index has gathered 1.2 percent.

"We had a good run after the central bank decided not to raise interest rates during the weekend," said Wang Zheng, director of Shanghai-based investment in Jingxi Investment Management Co., which manages about $ 120 million .

The Shanghai Composite Index gained 0.1 percent, software companies came together after the Shanghai Securities News reported the government will maintain preferential policies for the industry. Kospi index in South Korea rose 0.6 percent.

In Seoul, Hyundai Heavy jumped after Hapag-Lloyd said that increased an order for 10 ships of six. Daewoo Shipbuilding & Marine Engineering Co., the second largest shipyard in the world, rose 6.2 percent.

La India

Stocks in India rose as the Ministry of Commerce said the benchmark index of wholesale prices rose 7.48 percent in November from a year earlier after jumping 8.58 percent in October. Repurchase rate in the country concerned is at 6.25 percent after six increases since March to cool inflation. Reserve Bank policy makers in India meet on 16 December.

Hon Hai Precision rose in Taipei after a research note active Mirae Securities Co. cited speculation that he will form a solar Foxconn unit GCL Poly Energy Holdings Ltd. Hon Hai Technology Co. rose by 6.7 percent.

Edmund Ding, a Hon Hai spokesman, did not return calls made to his mobile phone. Yee Ming Tong, chief financial officer of GCL, was not immediately available for comment at his office.

The Bovespa index fell 0.5 percent, falling for the first time in three days after retail sales rose less than analysts' estimates and Gerdau SA, said it would issue new shares.

Retailer Lojas Americanas SA and Cia. Brasileira de Distribuição Grupo Pao de Acucar fell after sales rose 0.4 percent in October from September, below forecasts of 1.1 percent on average by 25 economists surveyed by us.

The Russian MICEX index fell, led by OAO Novatek, the Natio natural gas producer, the second largest. Oil revenue source main export from Russia, fell 30 cents to $ 88.31 a barrel in New York.