Asia markets track losses on Wall Street, extending market rout on Iran war impact
CNBC
Asia markets track losses on Wall Street, extending market rout on Iran war impact.
Asia-Pacific markets mostly declined Friday following volatile trading on Wall Street overnight as investors sold assets from government bonds to equities and metals amid the Iran war.
Tehran attacked the world's largest gas plant in Qatar, causing damage to the energy supply for the next several years, in retaliation against Israel's strikes on its South Pars gas field. QatarEnergy CEO Saad al-Kaabi said the Iranian attacks had wiped out 17% of the country's LNG export capacity for three to five years.
The tit-for-tat attacks on key oil and gas infrastructures across the Middle East sent energy prices soaring.
European stocks are set to rebound as traders continue to watch developments in the Middle East.
European stocks are expected to start the new trading week heavily lower as traders track developments in the Middle East and a surge in oil prices.
Brent futures spiked 16.1% to last trade at $107.61, while U.S. West Texas Intermediate crude futures rose almost 17.7% to $107.02
Gold prices rose on Friday as investors sought safe-haven bullion on heightened uncertainty over a widening Middle East conflict.
Overnight, oil prices broke through the $80 per barrel mark, with Brent futures up 3.54% and last trading at $84.31.
European stocks are expected to open in mixed territory again on Thursday as markets following unsettling geopolitical developments in the Middle East.
European stocks are expected to open in mixed territory on Wednesday as markets continue to track developments in the Middle East.
European stocks are expected to open firmly in negative territory Tuesday as the geopolitical crisis in the Middle East continues to weigh on market sentiment.
Gold prices rose for a fifth consecutive session on Tuesday, as investors sought safe-haven assets amid an escalating U.S. and Israeli air war against Iran.
The yen and euro were lower on Tuesday as the widening Middle East conflict focused attention on countries dependent on energy imports.
Oil prices continue to rise Iran's Revolutionary Guard says it has closed the Strait of Hormuz,
European stocks are expected to start the new trading week firmly in negative territory.
Oil prices jumped to their highest levels in months on Monday as Iran and Israel escalated attacks in the Middle East, disrupting shipments from the region.