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Asian Stock Market: Regional indices exhibit varied performance amid Middle East conflict

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Asian markets exhibit a mixed sentiment with a negative bias as the market is cautious of the war between Israel and Hamas that erupted over the weeke

Asian market showed mixed performance in the midst of the Israeli-Palestinian conflict. Australia’s S&P/ASX 200 extends gains due to the surging energy and gold equities. Hong Kong's stock market has canceled trading following the elevation of the typhoon warning. nd is likely to weigh on the market. At the time of writing, China's SSE Composite Index is down by 0.64% to 3,090, Shenzhen Component Index has declined to 10,034, up by 0.

The worry is that the conflict could intensify and extend to other parts of the region, introducing geopolitical uncertainties that might have repercussions on global markets. Following a week-long Golden Week holiday, Chinese markets are returning to activity. Investors are expected to closely monitor upcoming inflation readings and trade data releases from both China and India later this week.

 

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