Asian Markets Steady Amid Israel-Iran Ceasefire and Oil Price Fluctuations
Asian stocks stabilized while crude oil remained near multi-week lows amid a ceasefire between Israel and Iran. The U.S. dollar and Treasury yields declined, and major markets like Japan's Nikkei and Australia's index showed little change. Despite a reduced threat, markets continue to monitor geopolitical tensions.
Asian stocks found stability on Wednesday as crude oil stayed near multi-week lows following a ceasefire between Israel and Iran, although the threat of reignited hostilities looms.
The U.S. dollar hovered near a four-year low against the euro, with two-year U.S. Treasury yields hitting 1 1/2-month lows amid reduced inflation risks from lower oil prices. A fragile ceasefire is currently holding, despite Israel's warning of a strong response to Iranian missile strikes following U.S. President Donald Trump's announcement ending hostilities.
U.S. airstrikes have not eliminated Iran's nuclear capability, contrary to Trump's claims, only delaying its program according to U.S. intelligence. Japan's Nikkei and Australia's stocks showed little change, while other markets like Taiwan and Hong Kong saw minor gains.
(With inputs from agencies.)
Google News