Shares have fallen in Asia as investors braced for an expected invasion of Gaza by Israel.
A person bikes past the New York Stock Exchange on Wednesday, June 29, 2022 in New York. Stocks shifted between gains and losses on Wall Street Wednesday, keeping the market on track for its fourth monthly loss this year. – Shares fell in Asia as investors braced Monday for an expected invasion by Israel in the Gaza Strip.supported by a growing deployment of U.S.
The conflict has jolted oil markets, adding to uncertainties already hanging over the global economic outlook. The Gaza region is not a major producer of oil, but the fear is that the violence could spill into the politics around the crude market and eventually lead to disruptions in the flow of petroleum, with broad ramifications for many industries.
The Shanghai Composite index was 0.4% lower, at 3,075.38, while Bangkok's SET skidded 2.1%. Australia's S&P/ASX 200 was down 0.4% at 7,030.10.The S&P 500 slipped 0.5% to 4,327.78 and the Nasdaq composite fell 1.2% to 13,407.23. The Dow industrials edged up 0.1% to 33,670.29.an earning reporting season
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