The fact that developing nations’ equities are able to rebound despite the bloc’s vulnerability to energy shocks shows there’s value in this space, says Shuli Ren for Bloomberg Opinion. HONG KONG: Global stock markets seem disconnected from geopolitical reality.  There’s no clear path to a peace deal between Washington and Tehran. The Strait of Hormuz remains closed, pinching energy importers from Pakistan to Thailand. Yet almost two months into the war, the benchmark MSCI Emerging Markets