Middle East tensions intensify again, emerging market assets decline

```htmlGolden Five Data May 5th｜As the Middle East conflict escalates again, concerns about a surge in global inflation have intensified and risk appetite has been dampened, leading to declines in currencies and benchmark stock indexes in developing economies today. The MSCI Emerging Markets Equity Index fell by 0.3%, ending its two-day streak of gains after recently hitting an all-time high. The main reason for Tuesday’s decline was the drop in TSMC’s share price, the largest weighted stock in the index. At the start of the week, robust earnings reports from technology companies had boosted the market, but subsequent news of clashes between the US and Iran brought investors’ attention back to the fragile ceasefire agreement.```