Emerging Market Assets Rebound as US Delays Iran Energy Strikes

Most emerging-market currencies jumped after US President Donald Trump said the US has held talks with Iran and suspended any further airstrikes against energy infrastructure for five days, sending oil prices tumbling.

Chile’s peso, Hungary’s forint and Brazil’s real led gains among peers. MSCI’s gauge tracking emerging-market currencies rose as much as 0.8% during the trading session before closing 0.3% lower due to an end-of-day index adjustment. MSCI’s Emerging Markets Index fell 3%.