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04.03.26 - 10:06
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Asian tech stocks reel as US-Iran war disrupts energy, logistics supply chains (SCMP)
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Technology stocks across China, South Korea and Japan have taken a beating as risk-off sentiment sweeps markets, with the escalating US-Iran war sending shock waves through global energy and logistics networks.
Hong Kong and Chinese tech stocks have been affected to a lesser degree than their Korean and Japanese peers because of the different levels of exposure to energy and shipping disruptions caused by the Middle East turmoil, analysts said.
In Seoul, the Kospi index sank over 12 per cent on......
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04.03.26 - 07:31
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Global stock markets tumble as Trump bid to avert oil crisis in strait of Hormuz fails to reassure (The Guardian)
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South Korea's benchmark Kospi index leads Asian market sell-off, despite Donald Trump's suggestion that US Navy could protect vessels moving through vital waterwayGlobal markets tumbled further on Wednesday despite Donald Trump's offer to have the US navy escort tankers through the strait of Hormuz and the US military's claim that there is “not a single Iranian ship underway” in the crucial waterway.The Middle East conflict has crippled the strait which was in effect closed by Iran after strikes by the US and Israel this weekend, raising fears of a sustained energy supply crisis that reverberated around the world. Continue reading......
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04.03.26 - 01:12
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Stocks Pare Oil-Fueled Rout on Trump′s Assurances (Bloomberg)
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A selloff in stocks and bonds was trimmed as assurances on American action to secure shipping lanes through the Strait of Hormuz amid the Iran war pared what had been an over 9% surge in oil. Following an earlier slide in the S&P 500 that reached 2.5%, the equity benchmark dropped less than 1%. President Donald Trump said the US will escort and insure tankers and other vessels through the world's most-critical energy chokepoint. Oil prices waned in post-settlement trading, with Brent trading near $80 a barrel. Don Calcagni, Chief Investment Officer at Mercer Advisors, joins Bloomberg Businessweek Daily to discuss. Calcagni also speaks about investment strategy amid a volatile backdrop. He speaks with Carol Massar and Tim Stenovec from the Bloomberg Invest conference in New York City. (Source: Bloomberg)...
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