Emerging Market Assets Rally as Iran Hopes Boost Risk Appetite As the world holds its breath for a US Iran breakthrough on the Strait of Hormuz, emerging market assets are doing the unthinkable: rallying in anticipation.
The news has sent oil prices plummeting below $100 per barrel, but beneath this seemingly straightforward economic indicator lies a far more complex web of implications. The timing of this development is striking.
Just last year, global investors were clamoring to get out of emerging markets due to concerns over trade wars and economic uncertainty.