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Markets bunker down as Iran-Israel tensions spark – Oct 2

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Today’s Market News

Key developments on Wednesday:

  • South Korea inflation (September)
  • South Korea manufacturing PMI (September)
  • Japan consumer confidence (September)

Investors fled risky assets like stocks for the safety of U.S. Treasuries, gold and the dollar as Iran fired a salvo of ballistic missiles at Israel on Tuesday in retaliation for Israel’s campaign against Tehran’s Hezbollah allies in Lebanon.

The S&P 500 and global stocks had their worst day in a month, the 10-year U.S. bond yield registered its steepest fall in a month, and oil rose 3%, after being up 5% at one stage.

Japan’s markets should be a little calmer on Wednesday, even though Nikkei futures point to a fall of more than 1% at the open, as the dust begins to settle on the major political upheaval of recent days.

 

Index Last Change % Change
trading lower

38,114.46 -1715.10 4.31%Negative
trading higher

21,163.93 +531.63 2.58%Positive
trading lower

85,571.85 -264.27 0.31%Negative
Index Last Change % Change
trading lower

42,156.97 -173.18 0.41%Negative
trading lower

17,910.36 -278.81 1.53%Negative
trading lower

5,708.75 -53.73 0.93%Negative

Source: LSEG, opens new tab – data delayed by at least 15 minutes

For more news visit Reuters.com