Emerging Stocks Halt Advance as Hormuz Tensions Come Into Focus

(Bloomberg) -- Emerging-market stocks halted their advance and an index gauging the asset class’s currency returns declined as a flare-up in Middle-East tensions boosted the oil price and the dollar. gauge for EM stocks fell for only the second day in five, declining 1%, with South Korea’s Kospi Index slipping 2%, its worst day so far this month.

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