Asian Stocks Drop Following Israeli Strike on Iran - Jordan News
Asian stock markets and futures saw sharp declines on Friday after Israel launched strikes on Iranian nuclear facilities, escalating tensions in the Middle East and prompting investors to seek safe-haven assets. اضافة اعلان According to Bloomberg, futures for the S&P 500 dropped by as much as 2%, while a broad Asian stock index declined by 1%. Regional Markets React Chinese and Hong Kong stocks fell amid regional losses: Shanghai Composite: ▼ 0.72% to 3,378.01 CSI 300 (blue chips): ▼ 0.76% to 3,862.75 Shenzhen Index: ▼ 1.27% ChiNext (startups): ▼ 1.14% STAR50 (tech stocks): ▼ 1.0% Hong Kong: Hang Seng Index: ▼ 0.7% to 23,866.86 Hang Seng China Enterprises Index: ▼ 0.89% to 8,651.84 Despite a recent U.S.-China trade truce, major Chinese indices appear headed for weekly losses. South Korea's benchmark stock index also dropped 1.5%. Flight to the U.S. Dollar Pressures Asian Currencies Rising demand for the U.S. dollar as a safe-haven asset weighed on Asian currencies: Chinese yuan (CNY): ▼ 0.13% to 7.1807 per USD Indian rupee (INR): Dropped to 86.20, its lowest in two months. It recovered slightly to 86.12 after central bank intervention. Japanese yen: Gained modestly Korean won: ▼ 1.1% Philippine peso: ▼ 0.9% Thai baht: ▼ 0.3% Malaysian ringgit: ▼ 0.7% Taiwan dollar: ▲ 0.5% (hit a 3-year high before stabilizing) Bond Yields Surge in India Indian 10-year bond yields rose to 6.3192%, the highest in five weeks, driven by: Rising oil prices Pre-auction investor caution The 2034 benchmark bond yield climbed to 6.3888% from 6.3439% a day earlier. Other Asian Markets Japan's Nikkei 225: ▼ 1.5% to 37,584.47 TOPIX: ▼ 1.28% Taiwan, Singapore, Malaysia stocks: Fell between 0.5%–0.7%
The sudden military escalation and volatility in oil prices are pushing global investors to reallocate away from riskier Asian assets, increasing uncertainty across both equity and currency markets in the region.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Roya News
10 hours ago
- Roya News
Flight suspensions extended: What you need to know
In the wake of a sharp military escalation between Israeli Occupation and Iran, marked by an 'Israeli' airstrike on Iranian territory and a retaliatory Iranian attack targeting Tel Aviv, several international and regional airlines have suspended or canceled flights to destinations across the Middle East, citing growing security concerns. The Lufthansa Group announced that it is suspending its flights to Tel Aviv and Tehran until July 31, and to Amman, Beirut, and Erbil until June 20, due to the regional security situation. Here's a breakdown of current airline suspensions affecting the Jordanian capital in particular: Lufthansa: Suspended until June 20, 2025 Aegean Airlines: Suspended until the morning of June 28, 2025 Turkish Airlines: Suspended until June 16, 2025 Pegasus Airlines: Suspended until June 16, 2025 Tarom: Suspended until June 16, 2025 Flydubai: Cancellations ongoing through June 16, 2025 Emirates: Flights suspended until June 15, 2025, with selected cancellations on June 16 Etihad Airways: Scheduled to resume operations with a revised schedule on June 15, 2025 British Airways: Resumed operations on June 15, 2025, following earlier cancellations In addition to these suspensions, Turkey's A-Jet airline canceled all flights to Iran, Iraq, and Jordan until Monday, as confirmed by the Turkish Minister of Transport. The decision also affects Turkish Airlines and several local carriers. Meanwhile, Russia's Federal Air Transport Agency (Rosaviatsiya) has issued a directive advising Russian airlines to avoid the airspace over Israeli Occupation, Jordan, Iraq, and Iran, and to suspend usage of airports in those countries until June 26 or until further notice. Swiss International Air Lines, a Lufthansa subsidiary, has also extended its suspension of flights to Tel Aviv until October 25, and to Beirut until the end of July. The rapid escalation of hostilities in the region has raised serious concerns over the stability of civil aviation across Middle Eastern airspace. Aviation authorities and airlines continue to monitor developments closely amid warnings of a potential widening of the conflict and its broader regional and international implications.
Jordan News
a day ago
- Jordan News
Asian Stocks Drop Following Israeli Strike on Iran - Jordan News
Asian stock markets and futures saw sharp declines on Friday after Israel launched strikes on Iranian nuclear facilities, escalating tensions in the Middle East and prompting investors to seek safe-haven assets. اضافة اعلان According to Bloomberg, futures for the S&P 500 dropped by as much as 2%, while a broad Asian stock index declined by 1%. Regional Markets React Chinese and Hong Kong stocks fell amid regional losses: Shanghai Composite: ▼ 0.72% to 3,378.01 CSI 300 (blue chips): ▼ 0.76% to 3,862.75 Shenzhen Index: ▼ 1.27% ChiNext (startups): ▼ 1.14% STAR50 (tech stocks): ▼ 1.0% Hong Kong: Hang Seng Index: ▼ 0.7% to 23,866.86 Hang Seng China Enterprises Index: ▼ 0.89% to 8,651.84 Despite a recent U.S.-China trade truce, major Chinese indices appear headed for weekly losses. South Korea's benchmark stock index also dropped 1.5%. Flight to the U.S. Dollar Pressures Asian Currencies Rising demand for the U.S. dollar as a safe-haven asset weighed on Asian currencies: Chinese yuan (CNY): ▼ 0.13% to 7.1807 per USD Indian rupee (INR): Dropped to 86.20, its lowest in two months. It recovered slightly to 86.12 after central bank intervention. Japanese yen: Gained modestly Korean won: ▼ 1.1% Philippine peso: ▼ 0.9% Thai baht: ▼ 0.3% Malaysian ringgit: ▼ 0.7% Taiwan dollar: ▲ 0.5% (hit a 3-year high before stabilizing) Bond Yields Surge in India Indian 10-year bond yields rose to 6.3192%, the highest in five weeks, driven by: Rising oil prices Pre-auction investor caution The 2034 benchmark bond yield climbed to 6.3888% from 6.3439% a day earlier. Other Asian Markets Japan's Nikkei 225: ▼ 1.5% to 37,584.47 TOPIX: ▼ 1.28% Taiwan, Singapore, Malaysia stocks: Fell between 0.5%–0.7% The sudden military escalation and volatility in oil prices are pushing global investors to reallocate away from riskier Asian assets, increasing uncertainty across both equity and currency markets in the region.
Roya News
a day ago
- Roya News
Gold, Oil prices surge amid escalating 'Israeli'-Iranian traded strikes
Gold and oil prices surged to multi-year highs on Friday as military tensions between 'Israel' and Iran intensified, raising fears of a broader Middle East conflict. Gold briefly surpassed USD 3,400 per ounce, peaking at USD 3,444 before settling between USD 3,423 and USD 3,431, marking a daily gain of over 1 percent. At the same time, Brent crude rose 3.2 percent to USD 92.50 per barrel, while West Texas Intermediate (WTI) climbed 3.5 percent to USD 88.70. The spike in oil prices was fueled by concerns over potential disruptions in the Strait of Hormuz, a critical chokepoint through which 20 percent of global oil supply passes. The rally came in response to a series of major 'Israeli' airstrikes targeting over 100 Iranian sites, including the Natanz nuclear facility and missile production centers. The attacks reportedly killed nine senior Iranian nuclear scientists and military officials. In retaliation, Iran launched ballistic missiles and drones at 'Israeli' cities, including Tel Aviv and Jerusalem, killing at least three people. Iranian state media reported at least 60 deaths in Iran, including 20 children killed when a residential complex in Tehran was struck.
