Gate News reports that on March 23, Monday morning, the MSCI Emerging Markets Index (Morgan Stanley Capital International Emerging Markets Index) fell by 2.5%, mainly due to a decline in the stock prices of South Korean chip manufacturers. The decline was triggered by Trump issuing a final ultimatum to Iran, increasing the risk of further disruptions to Middle Eastern energy supplies. The Iran conflict has now lasted four weeks with no signs of easing, and risk assets continue to be under pressure. Martin Schulz, head of the International Equity Investment Department at Friedreich Dhamer, stated, “Our view is that caution is needed now, not panic. The main issue is the duration of the conflict; the longer it lasts, the worse the situation will become.”