Global Market | US-Israel-Iran conflict has put emerging-markets revival to test

Stock and currency markets experienced significant losses this week, with the MSCI equity index posting its biggest weekly drop in six years. Money managers at firms like Pacific Investment Management Co, Barings LLC, and T Rowe Price Group Inc. remain optimistic about the long-term prospects of emerging markets, citing factors such as diversification from US assets, attractive valuations, and solid economic growth. However, rising oil prices and a stronger dollar pose risks to these markets, prompting some institutions like JPMorgan Chase & Co to reduce their recommendations on emerging-market assets.