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Market Commentary - Foreign Markets
China stocks off one-month high, risk appetite hurt on Middle-east worries
13-Jun-2025, 05:45
Asian stocks plunged on Friday after Israel conducted pre-emptive strikes on Iran; targeting several nuclear and military assets. Israel also declared a state of emergency following this. China's Shanghai Composite Index fell 0.8 percent to 3,377 as Israel-Iran tensions intensified and China- US trade optimism faded. The index had hit a one-month high yesterday. Hong Kong's Hang Seng Index also fell 0.6 percent to 23,892.56.
Asian stocks plunged on Friday after Israel conducted pre-emptive strikes on Iran; targeting several nuclear and military assets. Israel also declared a state of emergency following this. China's Shanghai Composite Index fell 0.8 percent to 3,377 as Israel-Iran tensions intensified and China- US trade optimism faded. The index had hit a one-month high yesterday. Hong Kong's Hang Seng Index also fell 0.6 percent to 23,892.56.
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