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By Bloomberg

Emerging-market stocks climbed for a sixth day as a gauge of technology shares advanced to a record and China’s benchmark equity index posted its longest winning streak since 2007. Russia’s ruble declined with oil prices.

Tencent Holdings Ltd., a Chinese online messaging company, rose to a record in Hong Kong. The Shanghai Composite Index rallied for a ninth day. China Petroleum & Chemical Corp. fell 2.1 percent in Hong Kong on lower earnings. The ruble slid 0.9 percent as Brent crude sank 1.7 percent. South Africa’s rand retreated 1 percent. Malaysia’s ringgit added 1.1 percent.

The MSCI Emerging Markets Index rose 0.2 percent to 970.94 at 8:19 a.m. in London, set for the longest stretch of gains since Aug. 20. Three Federal Reserve members speak Monday after U.S. policy makers lowered their interest-rate outlook. The China Securities Regulatory Commission said Friday recent gains reflect support for economic growth.

“The dominant view is the U.S. will raise rates at a slow pace and markets will continue to be relatively positive because of this continued liquidity,” said Rico Gomez, who helps manage about $1.8 billion as vice president at Rizal Commercial Banking Corp. “Any threat to this liquidity will temper any run that we will see in the market.”

The developing-nations gauge has risen 1.6 percent this year and trades at 11.9 times 12-month projected earnings, data compiled by Bloomberg show. The MSCI World Index has climbed 3.9 percent in 2015 and trades at a multiple of 17.

Tencent Rallies

Eight out of 10 industry groups in the emerging-markets index advanced, led by a 0.8 percent increase in a technology gauge. Tencent rose 1.8 percent, the biggest contributor to the gain in the developing-nation measure. Catcher Technology Ltd. jumped 6.5 percent to a record in Taipei after Jih Sun Securities Ltd. upgraded the stock. Taiwan’s Taiex Index rose for a fifth day to the highest close since October 2007.

The Shanghai Composite Index surged 2 percent to cap the longest winning streak since April 2007. The gauge has climbed 14 percent this year, adding to last year’s 53 percent world- beating rally.

Hong Kong’s Hang Seng China Enterprises Index rose 0.2 percent. Great Wall Motor Co., China’s biggest sport-utility vehicle maker, rallied 3.4 percent to a record after saying it will resume selling the company’s top-of-the-line SUV in April. China Petroleum & Chemical fell 2.1 percent after posting its lowest annual profit since 2008.

Asian Currencies

The ringgit headed for the biggest gain since Feb. 4 on growing speculation the Federal Reserve will delay raising interest rates until the second half and as a technical gauge signaled a three-week loss was overdone. South Korea’s won and Indonesia’s rupiah strengthened 0.7 percent.

The rand retreated after its steepest increase since June 2013 on Friday. The ruble weakened for a second day in three. Oil fell in London, erasing most of last week’s gains, as Saudi Arabia said it’s pumping crude near a record pace, bolstering speculation that a global supply glut will persist.

The Micex Index was little changed. Shares in Turkey, a net oil importer, rose 0.5 percent, its third day of advances.

Jindal Steel & Power Ltd. tumbled 8 percent in Mumbai after India rejected its winning bids in coal mine auctions for being too low. The S&P BSE Sensex index lost 0.1 percent.

The Philippine Stock Exchange Index added 0.3 percent, while Vietnam’s VN Index declined 0.8 percent to the lowest level since Feb. 5. Equity gauges in Malaysia and Thailand dropped 0.4 percent.