Asia-Pacific markets fall amid Israel-Iran tensions with spotlight on oil, gold and bitcoin

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Asian investors will assess the impact of Iran’s drone strikes on Israel over the weekend, especially on oil and gold.

Asia-Pacific markets slipped Monday as traders weighed the impact of Iran's drone attack on Israel over the weekend, with focus also on key economic data from China and Japan later in the week.The U.S. intervened to directly help Israel shoot down nearly all of the incoming munitions, Biden said in a statement Saturday.

Dow futures rebound from worst week of 2024 even as traders brace for Israel response to Iran attack: Live updatesU.S. stock futures ticked higher Sunday as investors assessed Iran's missile and drone strike on Israel, as well as a spike in equity market volatility that sent thepulled back slightly at $2,373 an ounce. Bullion hit a record level last week and is up 15% this year as investors seek safety from sticky inflation and geopolitical tensions.

Raj Shant, managing director at the investment firm Jennison Associates, told CNBC Pro that the firm has been selling its position in the AI chip maker to manage risk despite remaining optimistic about its long-term prospects.were slightly lower Sunday as traders breathed a sigh of relief after Israel fended off a large-scale air assault by Iran and the U.S. emphasized it wants to avoid a wider war in the Middle East.

Source: Digital Coin News (digitalcoinnews.net)

 

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