U.S.-Iran deal reached, oil prices open down about 10%

By: keiko

The agreement between the United States and Iran to reopen the Strait of Hormuz eased concerns over potential disruptions in energy supplies, which had previously unsettled markets. Boosted by the news, stock markets and government bond prices rose, while oil prices fell to their lowest level in three months. Asian stock indices rose 2.8% in […]

U.S.-Iran tensions test market patience as global stocks fall to a one-month low

By: keiko

Global stock markets fell to their lowest level in over a month amid intensified selling in tech stocks and no signs of an end to the Iran conflict. The MSCI All-Country World Index, the broadest measure of global equities, fell 0.3%, reaching its lowest level since early May. The Asia-Pacific index dropped 0.5% to a […]

U.S. military helicopter shot down, Middle East tensions escalate again

By: keiko

Asian stocks declined, with technology shares continuing to face pressure, as Middle East tensions escalated following a U.S. military strike on Iran. Oil prices rose slightly. The MSCI Asia-Pacific Index fell 1%, as a renewed selloff in tech stocks erased some of Tuesday’s rebound, putting it on track for its fourth consecutive decline in five […]

Israel and Iran announce a pause in mutual attacks, easing market sentiment slightly

By: keiko

Asian stock markets stabilized after their steepest drop since March, as tensions in the Middle East eased and the sell-off in artificial intelligence stocks subsided. The MSCI Asia-Pacific Index rose 0.7%, ending a three-day losing streak driven by expectations of Federal Reserve rate hikes. South Korea’s stock market narrowed its gains to 1.9% after low-end […]

Goldman Sachs: In the long term, the current decline is a technical correction.

By: keiko

Tech stocks continued to sell off as strong U.S. employment data boosted expectations of a Federal Reserve rate hike, widening the market decline. Tensions in the Middle East escalated, pushing oil prices higher and driving down U.S. Treasury prices. MSCI Asia Index fell as much as 4%, marking the largest single-day drop since early March. […]