Global Markets Plummet Amid Iran Tensions
Irvine News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Global stock markets experienced a downturn on Friday due to escalating tensions in the Iran war, with Europes FTSE 100, Frances CAC 40, and Germanys DAX all registering losses. In Asia, results were mixed, with Tokyos Nikkei 225 and South Koreas Kospi also declining, while Hong Kongs Hang Seng and Shanghais Composite bucked the trend with gains. Wall Street saw its worst drop since the conflict started, with the S&P 500, Dow, and Nasdaq all registering significant losses, pushing the Nasdaq into correction territory. President Trumps decision to postpone strikes on Irans energy sites and push back a key deadline led to a jump in oil prices, with Brent crude and U.S. crude both rising. Gold and silver also gained as investors sought safe havens, reflecting ongoing concerns about energy costs and global growth.
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