Emerging Market Assets Rebound as Trump Cites Talks With Iran

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 currencies jumped and equities pared earlier losses after US President Donald Trump said the US had held talks with Iran and postponed any further strikes for five days, sending oil prices tumbling.MSCI’s Emerging Markets Index trimmed losses to 2.1% from as much as 3.6% earlier, while a sister gauge tracking emerging currencies flipped to gains of 0.7%. The Chilean peso led the advance, leaping 2.3% as the Latin American nation imports all its energy needs. The Hungarian forint and South African rand were also among the best performers.