The MSCI Emerging Market Index declined 0.6% as investors balanced hopes for a peace deal against rising oil prices. A broader retreat in technology shares further pressured assets after they recently hit record highs.
- MSCI Emerging Market Index dropped 0.6% from record highs
- Brent crude oil prices rose for the seventh consecutive session
- Conflict in Iran has entered its third month of instability
- Market focus remains on the reopening of the Hormuz Strait
- Broad technology selloff contributing to emerging market pressure
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