EM Equities rose 4% on US-Iran deal, with MSCI EM rebounding towards highs despite hawkish Fed; Broadening gains beyond tech likely to continue; Colombia 2nd round election this weekend

研报英文原文证据摘录

EM Equities rose 4% on US-Iran deal, with MSCI EM rebounding towards highs despite hawkish Fed; Broadening gains beyond tech likely to continue; Colombia 2nd round election this weekend

Portfolio Strategy Research

19 June 2026 | 2:16PM BST

EM WEEKLY KICKSTART

EM Equities rose 4% on US-Iran deal, with MSCI EM rebounding towards highs despite hawkish Fed;

Broadening gains beyond tech likely to continue; Colombia 2nd round election this weekend

n Performance: MSCI EM gained 4% w/w amid the US-Iran best-placed to benefit given ample room to rebound Sunil Koul

+44(20)7051-4931 | sunil.koul@gs.com

agreement. AI-exposed North Asia (Korea: +14%, and a relatively attractive earnings/valuation Goldman Sachs International

Taiwan: +5%) led, while China (-3%), and Brazil (-2%) risk-reward. Tarun Lalwani, CFA

+1(212)934-5821 |

lagged among majors. tarun.lalwani@gs.com n Colombia Elections Impact: Colombian equities have Goldman Sachs India SPL

n Earnings/valuations: MXEF is trading at 12.0x NTM P/E rallied strongly post the first-round presidential Mambuna Njie

+44(20)7051-7705 |

(-0.3 s.d, 10-yr avg). EM 2026E EPS was revised up 0.3% election surprise, with the COLCAP index up 10% since mambuna.njie@gs.com

Goldman Sachs International

over the past week. the start of the month. Financials and Utilities have led

the gains. While Colombian assets and predictionn Flows: EM equities saw US$6bn foreign (FII) inflows w/w

markets are partly pricing in a market-friendly shift in led by Taiwan (US$3.3bn) and Korea (US$1.7bn).

the Colombian government, a decisive victory after the

n Macro / Events: Central banks in Czechia, Philippines,

second round this weekend could continue to push

Indonesia hiked, while those in Taiwan and Chile held

equities higher in the near term. While market

rates.