Narrow fluctuations in emerging markets. Infosys makes the largest contribution to the MSCI index on the occasion of India hosting an AI summit.

The MSCI Emerging Markets Index rose by less than 0.1%, recording its 6th day of gains in the past 7 trading days. Due to Asian exchanges being closed for the Lunar New Year, trading volume is 93% below the 30-day average. The strength of the US dollar is also limiting the gains of emerging market currencies, as traders reassess expectations of approximately three rate cuts in the US this year. Indian company Infosys Ltd. saw its stock price rise, making the largest contribution to the MSCI index. The company has announced plans to develop artificial intelligence solutions for industries including financial services and telecommunications.