---
title: "Emerging markets rally despite Middle East war, energy fears"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284995953.md"
description: "Emerging markets have reached record highs in 2026, with the MSCI Emerging Markets Index up 14%, outperforming the S&P 500. Key contributors include the AI boom and strong performances from South Korea and Taiwan's tech sectors. Brazil's market has risen 16% due to its oil production and lower dependence on Middle Eastern crude. Despite optimism from falling interest rates and political changes, risks such as volatility and reliance on AI trends persist. However, emerging-market stocks remain attractive due to lower earnings multiples compared to U.S. shares."
datetime: "2026-05-03T13:11:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284995953.md)
  - [en](https://longbridge.com/en/news/284995953.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284995953.md)
---

# Emerging markets rally despite Middle East war, energy fears

Stocks in emerging markets have climbed to record highs this year, defying expectations that conflict in the Middle East and higher energy costs would hurt economies dependent on imported oil. The MSCI Emerging Markets Index has gained about 14% in 2026, outpacing the S&P 500’s (SP500) roughly 5.6% advance. The benchmark recently posted its stronge...

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