Asian markets have turned into a boxing ring between Israel and Iran, and investors seem to have forgotten optimism! While Japan’s Nikkei jumped 1.04%, South Korea’s Kospi and Kosdaq plunged 1.81% and 2% respectively, with Australia’s ASX and Hong Kong’s Hang Seng also in the red. All thanks to the ongoing conflict and uncertainty over a ceasefire! Oil prices dropped below $70 a barrel as investors hope the conflict will cool down. Meanwhile, Federal Reserve Chair Jerome Powell remains cautiously mum on further rate cuts, and US indexes stayed relatively stable. In short, the financial world is in chaos — are you panicking or laughing? Drop a comment and tell us what you think about this geopolitical circus!
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