Brazil, South Africa markets boom as investors question US policy

MSCI Emerging Markets Index beats Nikkei 225, S&P gains since start of year

Brazilian President Luiz Inacio Lula da Silva. The country's B3 exchange has seen net purchases by foreign investors surge since Jan. 1. © Reuters

CHIHIRO ISHIKAWA and NIKI MIZUGUCHI

January 30, 2026 06:06 JST

TOKYO/SAO PAULO -- Emerging stock markets like Brazil and South Africa are getting a boost from global investors wary of uncertainty in the U.S. and a weakening dollar, as the trend of diversifying assets away from a reliance on Wall Street stocks extends beyond gold and other precious metals.