Emerging Assets Drop as US Strike on Iran Fans Worries About Oil
Asian currencies and stocks fell at the start of the week, as US strikes on Iran rattled investors and pushed up the price of oil.
South Korea's won led the drop among currencies, contributing to the 0.3% fall in the Bloomberg Asia Dollar Index. Indonesia's rupiah also declined, and the country's central bank confirmed it had intervened both on- and offshore to arrest the slide. On the equities front, MSCI's EM equities gauge dropped 1%.
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