Asian markets pulled back from record highs as oil prices climbed again amid renewed shipping troubles in the Gulf near the Strait of Hormuz. The move follows a strong Wall Street session but signals fragile risk appetite in Asia-Pacific, with MSCI’s broad index slipping 0.5%. Futures also point to a weaker European start.
Asian markets opened lower Monday as U.S. and Israeli strikes against Iran intensified Middle East tensions. U.S. futures fell more than 1% and crude prices surged, while investors flocked to safe havens: gold rose about 2.3% and silver gained around 2.1%. Japan’s Nikkei dropped 2.4% and Australia’s ASX 200 slipped 0.4%.
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Asian stocks rebounded in early trading as reports said Iran may attend US peace talks in Pakistan, easing geopolitical worries. South Korea’s Kospi hit a record high, while Japan’s Nikkei climbed. Brent crude eased to $95.09. Investors also turned cautious ahead of a key US Federal Reserve confirmation hearing featuring Kevin Warsh.
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