Business & Finance
Emerging Stocks Halt Advance as Hormuz Tensions Come Into Focus
Key Points
Emerging Stocks Halt Advance as Hormuz Tensions Come Into Focus Emerging-market stocks halted their advance and an index gauging the asset class’s currency returns declined as a flare-up in Middle-East tensions boosted the oil price and the dollar. The MSCI Inc. gauge for EM stocks fell for only the second day in five, declining 1%, with South Korea’s Kospi Index slipping 2%, its worst day so far this month. A concurrent index for developing-nation currencies fell 0.1%, with the units of...
Emerging Stocks Halt Advance as Hormuz Tensions Come Into Focus
Emerging-market stocks halted their advance and an index gauging the asset class’s currency returns declined as a flare-up in Middle-East tensions boosted the oil price and the dollar.
The MSCI Inc. gauge for EM stocks fell for only the second day in five, declining 1%, with South Korea’s Kospi Index slipping 2%, its worst day so far this month. A concurrent index for developing-nation currencies fell 0.1%, with the units of oil-importers such as Hungary leading the retreat.