Oil spikes, stocks plunge after Iran attacks

TOYO: Oil prices spiked Wednesday and Tokyo stocks plunged as investors took fright at escalating tensions between the United States and Iran after Tehran launched missile attacks on US forces in Iraq.

Japanese stocks were also affected by flight to the safe-haven yen - an asset in which investors often take refuge in times of uncertainty. A rising yen pulls down the price of Japan's export-led firms. In Tuesday trade, US stocks had finished slightly lower while European markets were broadly flat - Frankfurt outperforming its peers with a 0.8 per cent gain.

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Stocks steady, oil cools as US-Iran tensions easeWorld shares steadied and oil pulled back from multi-month highs on Tuesday after dramatic post-new year moves, as investors judged prospects of ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

UBS, JPMorgan see little Asia market impact from US-Iran tensionsSINGAPORE (BLOOMBERG) - Escalating friction between the US and Iran will likely have limited impact on Asian stock markets, according to UBS Global Wealth Management and JPMorgan Asset Management.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »