Tokyo shares fall, Hong Kong's advance as tensions escalate in the Middle East
Wednesday, 2 October 2024 () Asian shares are mixed, with Tokyo's benchmark falling while Hong Kong's advanced despite the sharp escalation of tensions in the Middle East. Oil prices extended gains after Iran fired dozens of missiles into Israel, potentially raising the risk of disruptions to supplies. Mainland Chinese markets were closed for a weeklong national holiday. On Tuesday, the S&P 500 fell 0.9% and the Dow Jones Industrial Average lost 0.4%. Both had set all-time highs the day before. The Nasdaq composite sank 1.5%. A discouraging report showed U.S. manufacturing weakened by more in September than economists expected. Another threat is a strike by dockworkers at 36 ports across the eastern United States that could snarl supply chains and push prices higher.
What lies ahead in the Middle East as tensions escalate? “Squad” Member Rep. Rashida Tlaib condemned President Joe Biden’s decision to send more U.S. troops to the region amid Israel’s plan for a ground operation in Lebanon. Also, Hezbollah vows revenge after the death of Hezbollah leader...
In a striking declaration of support for Hezbollah, Russian President Vladimir Putin has openly condemned Israel for its "reckless" airstrike that resulted in the assassination of Hezbollah leader..
At the United Nations General Assembly, Lebanon's Foreign Minister issued a powerful warning: a ceasefire is urgently needed to prevent Israel's actions from igniting a devastating crisis in the Middle..
Tensions in the Middle East have reached a boiling point. EU’s top diplomat, Josep Borrell, has expressed deep concern over the escalating conflict, warning of a potential 'full-blown war' if..
Wednesday, 2 October 2024 ()
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