REUTERS/Li Sanxian
Reuters: Stocks tumble, gold and crude soar after Iran strike on U.S. forces
SHANGHAI (Reuters) - Asian shares and U.S. treasury yields tumbled on Wednesday, while the yen, gold and oil shot higher after Iran fired rockets at Iraqi airbases hosting U.S. military forces, stoking fears of a wider conflict in the Middle East.
Iran’s missile attacks on the Ain Al-Asad air base and another in Erbil, Iraq, early Wednesday came hours after the funeral of an Iranian commander whose killing in a U.S. drone strike has intensified tensions in the region.
MSCI’s broadest index of Asia-Pacific shares outside Japan was 1% lower shortly after China’s share markets began trading, with China’s blue-chip CSI300 index down 0.56%.
Japan’s Nikkei tumbled 2.2% and Australian shares fell more than 1%. U.S. stock futures were also sharply lower, with S&P500 e-minis off nearly 1%.
Read more ....
Update: Dow futures plunge 400 points after Iran retaliation raises fears of bigger conflict (CNBC)
WNU Editor: It is going to be a crazy day on the markets tomorrow (Wednesday).
2 comments:
So China has food inflation and now they will have energy inflation.
They'll call Trump a fool like that will make him back-off from Iran.
It would be better for China to publicly ask Iran to behave, but they won't. May not do so privately either.
In other news did the Iranians purposefully crash an Ukrainian plane in Tehran? Crashing planes like that has been done since WW2. The Brits did it to German night fighters.
Oil producers in the US thank Iran. Many frackers have their jobs saved for a few months.
Post a Comment