Global stocks slide as Trump signals more strikes on Iran
Global stocks fell and oil rose after President Trump vowed more strikes on Iran. The dollar gained as investors weighed the impact on global fuel supplies.
Global financial markets shifted toward safe-haven assets as the United States signaled a continuation of military operations, despite previously suggesting that core strategic objectives in the conflict with Iran and Israel were nearing completion. The lack of a specific timeline for the cessation of hostilities prompted a sell-off in stocks and a flight to the dollar, reversing recent gains seen in risk assets.
In Singapore, market reports indicated a broad retreat in Asian equities. The Nikkei in Japan fell by 0.79% in volatile trading, mirroring a 0.75% decline in the broader MSCI Asia-Pacific index. U.S. and European stock futures also trended lower following a prime-time address by the American president.
