Stock Market / Equity news in Malaysia
-
Asian markets fall, bond yields spike as US-Iran tensions push oil prices up
Asian stock markets fell and bond yields hit multi-decade highs as investors worried about inflation from surging oil prices. The oil price spike follows US strikes on an Iranian island and subsequent tit-for-tat attacks, which have effectively closed the Strait of Hormuz. Markets in Tokyo, Seoul, Hong Kong, and Singapore were among those affected.