Japans Nikkei share average fell to a one-month low on Wednesday. Investors sold risk assets due to escalating Middle East conflict. Chip-related companies led the decline. Oil refinery index was the worst performer. Some software shares and Nidec saw gains. Sony and Nintendo also advanced.Read More

The Kospi dropped 12.6 percent to 5,065.14 in early afternoon trade, putting it on track for one of its worst days in years.Read More

The Indian rupee is poised to hit a new low against the US dollar. Soaring oil prices, driven by the Middle East conflict, are weakening the rupee. This surge in oil costs will increase India’s import expenses and fuel inflation. Foreign investors are also pulling money from Indian stocks, adding further pressure.Read More

Gold and silver surged on MCX on Wednesday amid escalating U.S.-Israel strikes on Iran, boosting safe-haven demand. MCX April gold rose above Rs 1.63 lakh per 10 grams, while May silver jumped to Rs 2.71 lakh per kg. Analysts advise caution, citing high volatility and recommending investors wait for market stability before trading.Read More

Middle East tensions are driving up crude oil prices, impacting Indian energy stocks like ONGC and Oil India. Escalating attacks and potential disruptions in the Strait of Hormuz could significantly boost oil prices, raising India’s import bill and inflation risks. Analysts warn of substantial price hikes if the conflict widens.Read More

Gujarat Gas has slashed industrial gas supplies by 50% due to disruptions linked to the US-Iran conflict impacting regasified LNG availability. The company declared a Force Majeure event, citing circumstances beyond its control, as Qatar Energy’s LNG production halted. This development significantly affects Gujarat Gas, which relies heavily on imports, particularly from Qatar.Read More

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Middle East oil prices surged as a U.S.-Iran conflict disrupted vital shipping lanes. Iraq’s production is severely impacted, with potential shutdowns looming. Iran’s targeting of tankers in the Strait of Hormuz has halted traffic, forcing nations to seek alternative energy sources and routes. While U.S. assurances of escorts and insurance were offered, confidence remains shaken.Read More

Gold prices surged 1% on Wednesday, driven by escalating U.S.-Israeli air strikes against Iran that heightened geopolitical uncertainty and boosted safe-haven demand. This rebound followed a dip to a one-week low, influenced by a stronger dollar and reduced rate-cut expectations amid inflation fears. Global oil and gas prices also soared due to Middle East energy...Read More

Goldman Sachs CEO David Solomon expressed surprise at the “benign” financial market reaction to the Middle East conflict, suggesting it may take weeks for investors to fully digest the implications. He noted that markets typically react more strongly to geopolitical events impacting economic growth, a cumulative effect not yet fully observed.Read More