Hong Kong, China stocks tumble as Iran war knocks Asian markets
7 Articles
7 Articles
Impact of Iran war hits African, Asian economies
The economic fallout from the Iran war reverberated globally. South Africa said it may have to revise its budget forecasts, Semafor’s new correspondent in Johannesburg reported, and Egypt warned of a “near emergency” fiscal shortfall on dwindling traffic through the Suez Canal. East Asian stock markets, meanwhile, plummeted. Countries such as Japan and South Korea are heavily dependent on energy imports, and have been hammered by the effective c…
Hong Kong, China stocks tumble as Iran war knocks Asian markets
Hong Kong stocks hit six-month lows on Monday while China shares wiped out this year's gains as the escalating war in the Middle East sent oil prices soaring and dampened risk appetite in markets across Asia. Hong Kong's Hang Seng Index. HSI was down 3% by the lunch break, with energy. HSCIE is the only sector to rise. China's blue-chip CSI300 Index.CSI300 fell 2%, having hit the lowest level since December, while the Shanghai Composite Index .S…
The US is now a net energy producer, while most Asian economies are important importers. Higher energy prices can support parts of the US market, especially the energy sector, but they have a negative impact on growth, margins, currencies and current accounts in large parts of Asia.
Volume Analysis | Flash Market Update – 3.9.26 – Kingsview Investment Management
CHIEF TECHNICAL ANALYST, BUFF DORMEIER, CMTⓇ Fog of War Markets entered the week under a cloud of geopolitical uncertainty as open conflict between Iran and Western allies injected a sudden fog of war into global markets. Historically, markets dislike uncertainty far more than conflict itself, and the initial reaction was swift. The week produced two
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