Asia Stocks Slide as US-Iran Strikes Batter Risk Appetite

Asia Stocks Slide Amid US-Iran Conflict

The ongoing conflict between the US and Iran has sent shockwaves through the global markets, with Asia stocks experiencing a significant decline.

Market Reaction

The conflict has led to a surge in oil prices, with Brent crude rising to $70.50 per barrel. This has had a ripple effect on the markets, with the US dollar gaining strength against major currencies.

Impact on Asia Stocks

The Japanese Nikkei 225 index fell by 2.5%, while the South Korean Kospi index dropped by 3.2%. The Hong Kong Hang Seng index also declined by 2.8%.

Global Market Volatility

The conflict has increased global market volatility, with investors becoming increasingly risk-averse. This has led to a decline in stock prices across the board, with the S&P 500 index falling by 1.5%.

Source

[7] Asia stocks slide as US-Iran strikes batter risk appetite

Sources

[1] UK’s Starmer says US can use British bases for defensive strikes against Iran missiles
[2] Ukraine’s Zelenskiy says Iranian changes must be used properly
[3] Israel strikes Beirut’s southern suburbs after Hezbollah attacks
[4] Russia says Trump and Israel are plunging the Middle East into the abyss with Iran attack
[5] Japan faces growth risks, slower BOJ rate hikes from Iran conflict
[6] Australia’s Lynas jumps on Malaysian operating licence renewal
[7] Asia stocks slide as US-Iran strikes batter risk appetite
[8] Rubio to brief US House and Senate leaders on Monday
[9] Euro sags, dollar gains as Iran war lifts energy prices
[10] Global week ahead: Operation Epic Fury means new risks for markets