Asian stocks today: Markets trail as Middle East conflict deepens; Nikkei drops 0.9%, MSCI Asia Pacific slips 0.5%
Asian markets witnessed their sharpest decline since 2022 as the Middle East conflict enters its second month, sparking fears of escalating inflation and economic slowdown. Investors are increasingly risk-averse, with oil prices soaring and bond markets facing pressure from expectations of sustained high interest rates. The US dollar and gold are seeing gains as safe-haven assets amid global uncertainty.
Asian markets witnessed their sharpest decline since 2022 as the Middle East conflict enters its second month, sparking fears of escalating inflation and economic slowdown. Investors are increasingly risk-averse, with oil prices soaring and bond markets facing pressure from expectations of sustained high interest rates. The US dollar and gold are seeing gains as safe-haven assets amid global uncertainty.
