South Africa Leads Rebound in Emerging Markets Hit By Iran Conflict

Stocks jumped the most in six years as South Africa's rand rallied and government bond yields fell, driven by investors piling back into emerging-market assets that were worst-hit by the Middle East conflict. The moves indicate a sharp risk-on repositioning, boosting EM currencies, compressing sovereign yields and lifting regional equities.

Analysis

Stocks jumped the most in six years as South Africa's rand rallied and government bond yields fell, driven by investors piling back into emerging-market assets that were worst-hit by the Middle East conflict. The moves indicate a sharp risk-on repositioning, boosting EM currencies, compressing sovereign yields and lifting regional equities.