It’s been a tricky couple months for emerging markets—and for all those yield-starved fund managers who piled into their debt last year. China’s May trade data, released Friday, provided some much-needed succor. Imports rose 15.6% in yuan terms and 26% in dollar terms—the best for both since January—despite the strong dollar pushing up costs for Chinese firms. And exports rose 12.6%, just marginally slower than April’s 12.9% gain. Together these numbers, along with the bounceback of Korean exports in May to double-digit growth,...

Source: Wall Street Journal June 08, 2018 07:07 UTC