CoinWorld News: Due to the escalation of conflicts in the Middle East, concerns about a global inflation surge have increased, and risk appetite has been suppressed. The currencies and benchmark stock indices of developing economies declined today. The MSCI Emerging Markets Stock Index fell 0.3%, ending its previous two-day winning streak, after reaching a record high earlier. The main reason for Tuesday's decline was the drop in TSMC's stock price, which is the largest weighted stock in the index. Earlier this week, strong earnings reports from technology companies boosted the market, but reports of clashes between the US and Iran later shifted investors' attention back to the fragile ceasefire agreement.