financetom
World
financetom
/
World
/
Asian Stock Markets Undercut by Middle East Tensions
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Asian Stock Markets Undercut by Middle East Tensions
Jun 13, 2025 3:48 AM

06:39 AM EDT, 06/13/2025 (MT Newswires) -- Asian stock markets pulled back on Friday following reports of Israeli military attacks on Iranian sites connected to possible nuclear-weapons programs.

Global crude oil prices rose between 8% and 9% for most grades in Asian trading hours.

Hong Kong, Shanghai and Tokyo stock exchanges finished in the red, as did other regional trading floors.

In Japan, the Nikkei 225 opened lower on Middle East geopolitics and drifted sideways, finishing off 0.9%. A stronger yen dented export issues.

The benchmark Nikkei 225 fell 338.84 to 37,834.25, as losing issues outnumbered gainers 176 to 46.

Leading the upside was games-maker Nexon, up 8.4%, while internet-services outfit LY declined 5.3%.

In economic news, Japan's index of industrial production rose 0.5% on year in April, but fell a seasonally adjusted 1.1% from March, according to the Ministry of Economy, Trade & Industry (METI).

In Hong Kong, the Hang Seng Index opened evenly but declined in trading, finishing off 0.6% on Middle East war reports.

The broad gauge Hang Seng rose 142.82 to 23,892.56, as losing issues outnumbered gainers 49 to 34. The Hang Seng TECH Index lost 1.7% on the day, but the Mainland Properties Index rose 0.9%.

Property issues gained after the People's Bank of China disclosed a fresh "reverse repo" program for the second time this month, in a bid to boost bank funds available for lending.

Leading the upside was Chow Tai Fook Jewelry, gaining 5.4%, while Sunny Optical Technology declined 5%.

On the mainland, the Shanghai Composite fell 0.8% to 3,370.00.

On the other regional exchanges, the S. Korean KOSPI fell 0.9%; the Taiwan TWSE declined 1%; the Australian ASX 200 declined 0.2%; the Singapore Straits Times Index fell 0.3%, and the Thai Set declined 0.5%. In late trading in Mumbai, the Sensex was down 0.7%

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
CANADA STOCKS-TSX retreats from 2-year high as investors rethink rate cut bets
CANADA STOCKS-TSX retreats from 2-year high as investors rethink rate cut bets
Mar 14, 2024
* TSX ends down 0.6% at 21,829.85 * Communication services index falls 1.5% * Energy rises 0.9%; oil settles at 4-month high * Lithium Americas ( LAC ) rises 5.6% on US DOE loan (Updates at market close) By Fergal Smith March 14 (Reuters) - Canada's main stock index fell on Thursday, consolidating some recent gains, as hotter-than-expected U.S. inflation...
MORNING BID ASIA-Markets under pressure, China house prices eyed
MORNING BID ASIA-Markets under pressure, China house prices eyed
Mar 14, 2024
March 15 (Reuters) - A look at the day ahead in Asian markets. Asian markets are likely to come under downward pressure at the open on Friday, following the sharp rise in U.S. bond yields and the dollar the previous day on the back of yet another hotter-than-expected U.S. inflation report. Wall Street's late slide on Thursday - the S&P...
MORNING BID EUROPE-Rethink on Fed cuts creates tech wobble
MORNING BID EUROPE-Rethink on Fed cuts creates tech wobble
Mar 14, 2024
A look at the day ahead in European and global markets from Kevin Buckland European traders may do well to brace themselves for a sell-off on Friday, with equity markets sinking around Asia as investors adjust to the prospect of later and fewer Fed rate cuts this year. Declines in markets like Hong Kong and South Korea of more than...
Morning bid: Markets under pressure, China house prices eyed
Morning bid: Markets under pressure, China house prices eyed
Mar 14, 2024
(Reuters) - A look at the day ahead in Asian markets. Asian markets are likely to come under downward pressure at the open on Friday, following the sharp rise in U.S. bond yields and the dollar the previous day on the back of yet another hotter-than-expected U.S. inflation report. Wall Street's late slide on Thursday - the S&P 500 and...
Copyright 2023-2025 - www.financetom.com All Rights Reserved