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Asia stocks slide, oil extends gains on Middle East risks

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Asia stocks slide, oil extends gains on Middle East risks

TOKYO - Asia stocks sank on Wednesday, catching up with the sell-off on Wall Street after Iran's ballistic missile strike on Israel provoked fears of a wider regional conflict, whileInvestors flocked to safer assets, pushing U.S. Treasury bond yields down in Asian time, while gold hovered near an all-time high.

Iran said early on Wednesday that its missile attack on Israel was finished barring further provocation, although Israel and the U.S. promised retaliation.futures gained more than 1% to $74.33 per barrel, extending the 2.5% advance from Tuesday. U.S. WTI futures gained 1.3% to $70.73 per barrel, after Tuesday's 2.4% rally.

Euro area data on Tuesday showed inflation fell below the ECB's 2% target last month, bolstering bets for a quarter-point rate cut on Oct. 17.

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