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The report's author stated: "The equity structure of the Indonesian market remains persistently opaque, while instances of coordinated trading activity have emerged, disrupting fair pricing mechanisms and raising questions about the market's investability. The Turkish market faces similar issues, particularly among small-cap listed companies." The report pointed out: "These issues can distort the price formation mechanism and intensify market volatility." MSCI also criticized Turkey's short-selling ban, which was introduced in early March following the outbreak of the Iran conflict. The report from MSCI stated: "Frequent changes in regulatory rules and the continued introduction of various restrictive measures do not reflect the conditions of a mature and well-developed short-selling mechanism."

The market expects the Federal Reserve to raise interest rates before October, while ING Group does not anticipate tightening policy, so the US dollar is expected to weaken in the third and fourth quarters. Although oil prices have retreated due to a temporary peace agreement between the US and Iran, the euro has still declined against the US dollar recently. "We are in an environment where correlations are rapidly shifting and, as oil prices have become almost irrelevant as a driving factor, Federal Reserve rate expectations are taking over strongly," Pesole said. According to London Stock Exchange Group data, the euro earlier hit a three-month low of $1.1416, and was last quoted at $1.1461. ING Group expects the euro to reach $1.18 by the end of the year.

In the long term, Huaxin Securities believes that rising oil prices and geopolitical conflicts will lead to increases in food prices. Historically, one to two years after food prices rise, there is a major cycle in agricultural chemicals. The widening price gap between domestic and international fertilizers will benefit the phosphorus chemical and potash fertilizer sectors.