Investing.com-- Most Asian stocks fell sharply on Monday as risk appetite was battered by an Iranian attack on Israel, while persistent concerns over higher-for-longer U.S. interest rates also weighed.
Regional markets took a weak lead-in from Wall Street, which tumbled on Friday amid growing rate cut anxiety and weak earnings from major banks. But U.S. stock index futures rose slightly in Asian trade.was among the worst performers for the day, losing 1.2% as investors continued to lock-in profits near recent record highs.Indian inflation readings are also on tap later this week.
Asian stocks also took a weak lead-in from Wall Street’s finish on Friday. U.S. stock indexes had plummeted after a series of weak earnings from major bank stocks. Major Government-backed state funds were also seen buying shares of heavyweight Chinese banks, which was a key point of support for China’s stock indexes.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.