Asian Stocks Set to Drop on Hawkish Fed Comments: Markets Wrap
Global markets were rocked by reports of fresh conflict in the Middle East that sent stocks lower while oil and haven assets including Treasures and the dollar rallied.
Global markets were rocked by reports of fresh conflict in the Middle East that sent stocks lower while oil and haven assets including Treasures and the dollar rallied.
Bitcoin sank as part of a wider retreat in cryptocurrencies amid a wave of caution across global markets sparked by Middle East tension.
An explosion was heard early Friday in Iran’s central city of Isfahan, the semi-official Fars news agency reported, citing local sources.
Treasuries advanced with the dollar as concerns over an escalation in the Middle East conflict bolstered demand for safe-haven assets.
Taiwan Semiconductor Manufacturing Co. scaled back its outlook for a chip market expansion, cautioning that the smartphone and personal-computing markets remain weak.
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