Most emerging Asian equities rose on Monday as investors sought riskier assets as fears of a wider conflict in the Middle East receded, while currencies were mixed as the dollar cast a shadow on support from strong inflation and hawkish Fed comments.
The MSCI’s broadest index of Asia-Pacific shares .MIAP00000PUS rose 0.93% on Monday after declining 4.5% in the last week, when Mideast tensions heightened from Israel’s retaliatory strike on Iran.
“The good news for now is that Iranian officials seem to be downplaying the Israeli response, but the situation is fluid and tensions can ratchet up quickly,” analysts at MUFG wrote.
Fidelity Asian Values Plc (LON:FAS) provides shareholders with a differentiated equity exposure to Asian Markets. Asia is the world’s fastest-growing economic region and the trust looks to capitalise on this by finding good businesses, run by good people and buying them at a good price.
