Emerging markets dip amid Iran war but offer buying opportunities as energy shocks hit global economy.

Emerging markets have declined sharply due to the war in Iran, which has disrupted oil supplies and supply chains, causing inflation and slower growth risks. Asian net oil importers like South Korea and India have been hit hardest, while energy exporters like Saudi Arabia have fared better. Despite recent selloffs, institutional investors remain bullish on emerging markets, seeing opportunities in undervalued stocks in South Africa, South Korea, and Latin America. The conflict also impacts global tourism and energy infrastructure investments, but the emerging market growth story is expected to continue after volatility subsides.