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The Economic Times

Asian stocks decline, oil prices gain as US hits Iran

United States Iran Oil Inflation US Federal Reserve crude oil Middle East the Middle East

Asian stocks dropped as a selloff in technology shares resumed and tensions in the Middle East escalated after US forces struck Iran. Crude oil advanced.

The MSCI Asia Pacific Index fell 0.5% as selling in technology stocks resumed after a rebound on Tuesday. The Kospi Index in South Korea, a bellwether for artificial intelligence investments, dropped 1.7%. The Nikkei in Japan also declined.

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One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Isaias strengthens into Category 2 hurricane; halts 63% of Gulf oil output, 1.3 mln barrels a day off market

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