Emerging Market Currencies, Stocks Fall on Iran Conflict Worries

Geopolitical tensions stemming from the Iran conflict are triggering a downturn in emerging market (EM) currencies and equities. Investors are shying away from riskier assets, fearing instability could disrupt global trade and commodity flows. This flight to safety suggests increased volatility ahead for EM assets, with potential for further declines if the conflict escalates or broadens.