Emerging-Market Assets Rally on Iran War Resolution Bets

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000War With Iran:Emerging-market stocks moved closer to wiping out their losses since the start of the Middle East war, as speculation of further peace talks between the US and Iran lifted investor sentiment. The MSCI EM index jumped more than 2% to the highest level since March 2, and is now just 43 points lower than its closing level on Feb. 27. Most developing-nation currencies advanced against the dollar, led by South Korea’s won and the Malaysian ringgit.