India ETF Bucks Emerging-Market Stock Selloff On US Trade Deal

An index fund tracking Indian shares jumped ON Monday as a long-awaited trade deal with the US helped it buck a slump seen across risk assets. The $9.4 billion iShares MSCI India ETF gained the most since last May after US President Donald Trump said he would lower tariffs on Indian goods to 18% from 25%, following Prime Minister Narendra Modi's agreement to halt purchases of Russian oil.MSCI's gauge for developing-nation equities, meanwhile, slid as much as 2.9%, the most since April, before trimming the d ...