Stocks sink, oil jumps following Israel's attack on Iran

  • 📰 trtworld
  • ⏱ Reading Time:
  • 34 sec. here
  • 25 min. at publisher
  • 📊 Quality Score:
  • News: 97%
  • Publisher: 63%

Turkiye News

Turkey,Middle East,Africa

Asian markets respond to reported Israeli attack on Iran with shares tumbling and safe-haven assets surging.

The scope of the market moves were mitigated somewhat as details emerged the Israeli attack was limited and Iranian officials denied any missiles were launched against it. / Photo: AP Archive

MSCI's broadest index of Asia-Pacific shares dropped 2% after earlier diving as much as 2.6%, and US stock futures pointed 1% lower, retracing part of an initial 1.7% slide. "The lack of clarity on...what Iran might do next will keep investors nervous and market volatile for now, at a time when investors are faced with significant inflation and interest rate uncertainties as well," said Vasu Menon, managing director of investment strategy at OCBC.

Israeli Prime Minister Benjamin Netanyahu had vowed retaliation earlier this week after Iran launched hundreds of drones and missiles in an unprecedented direct attack on Israel on April 13.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 101. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian stocks tumble on Iran-Israel escalation, rate warningsAsian stocks tumble on Iran-Israel escalation, rate warnings
Source: Investingcom - 🏆 450. / 53 Read more »

Asian stocks sink amid Iran-Israel jitters, China rebounds on govt supportAsian stocks sink amid Iran-Israel jitters, China rebounds on govt support
Source: Investingcom - 🏆 450. / 53 Read more »