ly - MSCI's emerging market index was down 1.3 percent.Politically, the region is a mess and concerns of war in Syria are high, said Yassir Mckee, wealth manager at Qatar's Al Rayan Financial Brokerage.But the extent of the drop does not make sense and people are over-reacting because local fundamentals are strong and even if there is a war, I do not see it significantly impacting Gulf countries.