From Yahoo Finance: 2024-04-14 20:23:00

Shares in Asia fell following Iran’s attack on Israel, with benchmarks in Japan and South Korea declining. Investors are grappling with increased volatility in markets, driven by tensions in the Middle East. Analysts predict oil prices could exceed $100 per barrel, leading to a flight to safety assets like Treasuries, gold, and the dollar.

Chinese equities may face challenges after disappointing trade data, while developer China Vanke Co. plans to address liquidity concerns amid China’s real estate crisis. Concerns over escalating conflict between Iran and Israel may be tempered by reports of US not supporting an Israeli counterattack. Markets remain cautious as Bitcoin rallied post-attacks and oil prices stayed around $90 per barrel.

Traders are preparing for key economic data releases this week, including Chinese growth data and inflation readings from Japan, Eurozone, and the UK. Despite geopolitical tensions, markets are waiting to see if the conflict escalates into a regional war. Bitcoin and oil prices were relatively stable post-attacks, while traders monitor central bank decisions and economic indicators.



Read more at Yahoo Finance: Asian Stocks Fall in Wake of Iran Attack on Israel: Markets Wrap