NEW YORK — Shares fell in Asia as investors braced Monday for an expected invasion by Israel in the Gaza Strip.supported by a growing deployment of U.S. warships in the region and the call-up of some 360,000 reservists, have positioned themselves along Gaza’s border and drilled for what Israel said would be a broad campaign to dismantle the militant group.
The conflict has jolted oil markets, adding to uncertainties already hanging over the global economic outlook. The Gaza region is not a major producer of oil, but the fear is that the violence could spill into the politics around the crude market and eventually lead to disruptions in the flow of petroleum, with broad ramifications for many industries.
The Shanghai Composite index was 0.4% lower, at 3,075.38, while Bangkok's SET skidded 2.1%. Australia's S&P/ASX 200 was down 0.4% at 7,030.10.The S&P 500 slipped 0.5% to 4,327.78 and the Nasdaq composite fell 1.2% to 13,407.23. The Dow industrials edged up 0.1% to 33,670.29.an earning reporting season
Wells Fargo rose 3.1% after it likewise topped analysts’ expectations for profit during the summer quarter.In currency dealings early Monday, the U.S. dollar fell to 149.39 Japanese yen from 149.55 yen. The euro rose to $1.0529 from $1.0515. Warren Buffett's business partner, Charlie Munger, would be a lot richer today if he hadn't sold or donated over 75% of his Berkshire Hathaway stock. -- Lithium giant Albemarle Corp. has walked away from its A$6.6 billion takeover of Liontown Resources Ltd., after Australia’s richest woman built up a blocking minority and effectively scuppered one of the largest battery-metals deals to date.
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