The White House intervention in the Federal Reserve, coupled with escalating trade tensions, are putting pressure on emerging market assets.

Zhitong Finance APP learned that the pressure from President Trump on the Federal Reserve and the reignition of global trade tensions have sparked risk aversion in the market, leading to a collective pressure on the stock markets and currencies of emerging markets during the Asian trading session. The Morgan Stanley Capital International Emerging Markets Stock Index fell by 0.9%, ending its previous upward trend towards a three-year high; the MSCI Emerging Markets Currency Index also fell by 0.3%, with the South Korean won being a major drag.