Opening the morning session on June 13, Asia- Pacific stock markets fell across the board after Israel conducted an airstrike targeting Iran's nuclear program.
In Japan, the Nikkei 225 fell 1.28%, while the Topix lost 1.22%. South Korea's Kospi fell 0.83%, while the Kosdaq, a gauge of small-cap stocks, fell as much as 1.82%. In Australia, the S&P/ASX 200 was flat.
Hang Seng Index (Hong Kong) futures last traded at 24,178 points, higher than the previous close of 24,035.38 points.
US and Asian stock markets plummeted (Photo: Reuters)
Meanwhile, at the end of the trading session on the evening of June 12, US time, futures contracts of US stock indexes plummeted. Dow Jones futures lost 611 points, equivalent to nearly 1.4%. S&P 500 Futures fell about 1.6%, while Nasdaq 100 futures also lost 1.6%.
The situation became tense when the Israeli defense minister declared a "special" state of affairs after the attack on Iran. According to NBC News, the Israeli military has begun airstrikes on Iran, but two US officials confirmed that Washington was not involved in this campaign.
Israeli Defense Minister Israel Katz warned that following Israel's preemptive strike against Iran, a counterattack with missiles and drones targeting Israeli people and territory could come in the near future.
Immediately, these geopolitical tensions had a strong impact on global financial markets.
The event created a “one-way wave of volatility” that sharply reduced investors’ risk appetite, said Matt Simpson, senior market analyst at City Index in Brisbane. Safe havens such as the Japanese yen, Swiss franc and gold all rose, while global stock index futures fell.
Jessica Amir, market strategist at online trading platform MooMoo in Sydney, said the stock market had been showing signs of slowing down recently, and this event could be a catalyst for further declines.
In contrast to the decline in the stock market, oil prices soared: Brent crude futures rose more than 7%, while WTI crude also recorded a similar increase.
This development came just after a positive trading session on June 12, when the Dow Jones and Nasdaq Composite both increased 0.2%, while the S&P 500 inched up nearly 0.4%, approaching the historical peak set in February.
Investor optimism in the previous session was supported by May producer inflation data. Accordingly, the producer price index (PPI) increased only 0.1% compared to the previous month, lower than the 0.2% expectation from experts surveyed by Dow Jones.
In addition, US government bond yields fell slightly, further reinforcing the positive sentiment in the market. Not long ago, consumer inflation (CPI) data for May also showed positive results, with a lower-than-expected increase, raising hopes that inflationary pressures are gradually easing.
However, investor sentiment remains under pressure from uncertainties in US trade policy. Treasury Secretary Scott Bessent has suggested the possibility of extending the 90-day tariff suspension for major trading partners beyond July 9, provided that these countries show goodwill in negotiations.
However, President Donald Trump's tough statements still made investors worried, when he announced that the US could unilaterally impose taxes if necessary.
Source: https://dantri.com.vn/kinh-doanh/chung-khoan-the-gioi-do-lua-giua-xung-dot-israel-iran-leo-thang-20250613093544689.htm
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