Asian markets, Bursa in sea of red after Iran's strike

TheStar Wed, Jan 08, 2020 09:25am - 4 years View Original


Stephen Innes, chief Asia market strategist at AxiTrader said so far, there have been no reports of US casualties, "but I'm not sure if this will make one bit of difference as Iran is apparently preparing a second wave of response".

KUALA LUMPUR: Key Asian markets and US stock futures fell while oil prices surged early Wednesday after the Middle east tensions flared following Iran’s attack on military facilities in Iraq hosting American troops.

At 9.03am, the KLCI was down 21.39 points or 1.33% to 1,589.65. Turnover was 211.24 million shares valued at RM81.15mil. There were 82 gainers, 328 losers and 155 counters unchanged.

Bloomberg reported US stock futures slumped along with Asian equities and oil prices surged after Iran started an attack on military facilities in Iraq hosting American troops, escalating tensions in the Middle East. Treasuries and the yen rose as haven assets caught a bid. Oil surged above US$65 a barrel.

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