Asian Stocks Slump as Mideast Woes, Hawkish Fed Sour Sentiment
Asian stocks slid as broad risk aversion swept through markets on renewed concerns over an escalation of tensions in the Middle East and worries about higher-for-longer US rates.
Asian stocks slid as broad risk aversion swept through markets on renewed concerns over an escalation of tensions in the Middle East and worries about higher-for-longer US rates.
An escalation of tensions in the Middle East kept stock markets on edge, though haven assets including bonds and the dollar gave up some early gains after Iranian media appeared to downplay the impact of Israeli strikes.
Vietnam’s central bank said it sold dollars to some banks, intervening in the foreign exchange market as the currency fell to a record low.
The European Central Bank could lower borrowing costs in both June and July, should disinflation in the euro zone be stronger than anticipated, Governing Council member Gediminas Simkus said.
European natural gas prices erased gains as Iran appeared to downplay the impact of reported Israeli strikes and the risk of an immediate response from Tehran.
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