2013.08.0605:36:54UTC+00Emerging stocks bolster for third day on Chinese services

Emerging-market stocks trade higher for a third day, led by technology firms, after a report showed that Chinese service industries increased for the first time since March. Brazil’s real led pullbacks in currencies.

The MSCI Emerging Markets Index slightly increased with 0.1 percent to 956.40, following the first weekly retreat in a month. The Shanghai Composite Index displayed the longest rally since May as retailers jumped, while HTC Corp. soared the most in more than 20 months in Taipei on plans to buy back shares. Brazil’s Ibovespa fell as online seller B2W Cia. Digital tumbled and the nation’s real paced losses among half of the 24 developing-nation currencies tracked by Bloomberg.

Brazil, Russia

Brazil’s Ibovespa backslide 0.1 percent as B2W led losses among retailers. The real extended this year’s slump to 11 percent. Mexico’s IPC index snapped a three-day rally as construction company Empresas ICA SAB retreated.

Tata Consultancy

Indian stocks climbed as investors speculated the eight-day decline in the benchmark index was excessive. Sterlite Industries (India) Ltd., the nation’s biggest copper producer, jumped 4.5 percent. Tata Consultancy Services Ltd. gained for the second day.

Zimbabwe’s main stock index tumbled 11 percent, its largest one-day decrease since 2009, after President Robert Mugabe won a presidential election to extend his 33 years in power and his main rival refused to accept the result.

The premium investors demand to own emerging-market debt over U.S. Treasuries slid 0.05 percentage point to 322 basis points, according to JPMorgan Chase & Co.