[Trump Issues Final Ultimatum to Iran, Emerging Market Assets 'Pay the Price'] Odaily Planet Daily News: Due to Trump's final ultimatum to Iran, which has heightened the risk of further disruptions to Middle Eastern energy supplies, the prices of emerging market assets have subsequently declined. On Monday morning, the MSCI Emerging Markets Index fell by 2.5%, primarily impacted by the drop in stock prices of South Korean chip manufacturers. With the Iran war now entering its fourth week and no signs of de-escalation, risk assets remain under pressure. 'Our view is that caution is needed now, rather than panic,' said Martin Schulz, head of international equity investments at Federated Hermes. '(The duration of the conflict) is the key issue. The longer this situation drags on, the worse it will get.' (Jin10)