Asian markets began to recover but remain in negative territory after Iran attacks US bases in Iraq, escalating tensions in the Middle East. Safe heaven assets that received a major boost from the event are also returning to their opening levels for the new day.
The attack knocked the S & P500 down nearly 2%, though the movement had already almost cleared its losses after Iran announced that “retaliatory measures were over” and were not seeking an open war. President Trump has announced that he will make his address to the nation later today. US Treasuries are normalizing, and the Japanese yen has almost regained its earlier stature. Gold also regained some of its growth during the dramatic denouement, exceeding $ 1,600. Oil jumped to $ 65, but went back $ 2 back in the Asian session.
The Nikkei 225 ended the session with a 0.3% drop and Topix a 2% drop.
Hang Seng lost 0.9%, Shanghai Composite 0.7%.
In Australia, the ASX200 is down 0.3% and Kospi is down 1%.
Source: Bloomberg Finance L.P.
Graphs: Used with permission of Bloomberg Finance L.P.
Trader Milko Zashev