Shares in developing nations may rise 25%, says Credit Suisse

SINGAPORE: Emerging-market stocks may gain 25 percent this year, extending their biggest annual advance on record, boosted by a sustained recovery in the US economy, Credit Suisse Group AG said in a report.

Shares in developing nations have climbed 16 percent since the US Institute for Supply Management's factory index rose above the 50-level that indicates expansion in August, Credit Suisse analysts Sakthi Siva and Kin Nang Chik said.