Emerging market stocks rise due to China's stimulus

Emerging market stocks rose 0.7% as investors reacted to China's new plan to boost domestic consumption. South Korea and Hong Kong saw gains, while China's blue-chip CSI300 index fell 0.2%. The U.S. Federal Reserve's interest rate decision is expected to be announced on Wednesday, with markets anticipating no change. The dollar weakened against other currencies, benefiting emerging markets. In Africa, Kenya's bonds dropped after the IMF abandoned a lending program review. South Africa's rand weakened ahead of its interest rate decision on Thursday, where rates are expected to remain steady.