Equities: Mixed reaction to US-Iran tensions – Deutsche Bank
The post Equities: Mixed reaction to US-Iran tensions – Deutsche Bank appeared on BitcoinEthereumNews.com. Deutsche Bank’s Jim Reid highlights that Asian equities are mostly lower as investors digest a sharp escalation in US-Iran tensions and surging Oil prices. KOSPI is down over 5% and the Nikkei and S&P/ASX 200 are weaker, while mainland Chinese indices and the Hang Seng are firmer on tech gains. S&P, Nasdaq and Stoxx futures are described as broadly flat. Tech-led divergence across Asia “Asian equity markets are largely lower this morning as investors digest a significant escalation in US-Iran tensions overnight.” “Against this backdrop, risk sentiment across Asia is weak but not as much as you may have imagined given the attacks. S&P, Nasdaq and Stoxx futures are all pretty much flat with the rest of Asia down or up depending on which side of the tech stack they sit on.” “The KOSPI losses have accelerated as I’m typing, currently down -5.57% in what seem very fast markets with the