Singapore stocks fell 0.5%, but the Straits Times index component Xinke Engineering rose 1.3% against the trend. National defense business is one of the core businesses of Xinke Engineering. Karl Schamotta, chief market strategist at Corpay, Toronto...
Singapore stocks fell 0.5%, but the Straits Times index component Xinke Engineering rose 1.3% against the trend. National defense business is one of the core businesses of Xinke Engineering.
Karl Schamotta, chief market strategist at Corpay, Toronto, Canada, said: "Reports of attacks on Iran have prompted investors to take risks, but details about the scale and extent of the attacks are still very small."
Israel launched air strikes on Tehran, the capital of Iran in the early morning of Friday (June 13), triggering a new round of escalation of tensions in the major oil-producing region of the Middle East.
The US dollar fell 0.32% against the Swiss franc and 0.24% against the Japanese yen. Gold, Swiss franc and Japanese yen are all safe-haven assets.
Both gold spot and futures prices rose by more than 1%, and futures prices rose by 1.5%, reaching US$3453.6 per ounce.
Israeli air strikes against Iran, global stock markets declined, and safe-haven assets such as gold and Swiss francs rose.
As of around 10 a.m. Friday, the three major index futures of the U.S. stock markets fell by more than 1% on Friday morning, and the Asia-Pacific region stock markets also fell by one after another. Japan fell by nearly 1.5%, Australia fell by 0.4%, and Hong Kong stock market fell by 0.1%.
