Global Markets Slide As Iran-Israel Conflict Heats Up, Oil Soars

Rising Middle East tensions and President Donald Trump’s threats to Iran are flaring uncertainty in the global and U.S. markets. As a result, money is flowing from equities to safe-haven assets like gold.

Also, the crude oil price is soaring as rising conflict threatens OPEC crude supply.

Asia Markets Today

On Friday, Japan’s Nikkei 225 closed 0.92% lower at 37,821.50, led by losses in the Paper & Pulp, Transport and Communication sectors.     

Australia’s S&P/ASX 200 was down 0.21% at 8,547.40, led by losses in the IT, Healthcare, and Telecoms Services sectors.

India’s Nifty 50 was down 0.71% at 24,712.40, and the Nifty 500 slid 0.65% to 22,895.65.

China’s Shanghai Composite was down 0.75% at 3,377.00, and Shanghai Shenzhen CSI 300 fell 0.72% to 3,864.18.

Hong Kong’s Hang Seng closed the session 0.59% lower at 23,892.56.

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