Trump’s surprise announcement, made via his Truth Social platform, had an immediate impact on crude oil prices, with WTI futures slumping more than 5% shortly after the post.
Emerging market assets advanced after US President Donald Trump announced a ceasefire between Israel and Iran, bolstering risk sentiment across the region.
MSCI’s gauge of emerging market currencies, a total return index that includes interest earned, rose 0.4% on Tuesday during Asian trading. The South Korean won and the Philippine peso led the advance. A regional stock index surged as much as 1.6%, while South Korea’s Kospi jumped 2.8%.
