Asian markets fell due to US strikes on Iranian nuclear sites, sparking fears of wider conflict.

From Financial Modeling Prep: 2025-06-23 07:20:00

Asian equities tumbled as US missile strikes hit Iranian nuclear sites, sparking fears of a wider conflict. Markets in Australia, China, Hong Kong, Japan, India, South Korea, and Singapore all fell. Iran’s threat to block the Strait of Hormuz raised concerns of oil supply disruption and higher energy costs globally.

Japan’s PMI data showed growth, but global tensions overshadowed positive economic indicators. Rising wages and domestic demand supported manufacturing and services sectors. Investors are closely watching inflation data and potential rate hikes by the Bank of Japan amid geopolitical risks.

Investors should brace for continued market volatility, higher inflation from oil prices, and geopolitical risk impacting equity valuations. Monitoring sector performance and commodity markets will be crucial in navigating ongoing uncertainty.



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