⚡ Easily Trade – Apple, Microsoft, Tesla and Google Stocks – Open a FREE Account Here


Asian Stocks Decline While Gold Surges Amid Middle East Tensions

In today’s trading session, Asian stocks showed declines amidst concerns about escalating tensions in the Middle East, prompting investors to seek safer investment options. 


BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSAUSD 100Visit Broker >>
🥈Read ReviewFMA, FSAUSD 50Visit Broker >>
🥉Read ReviewFSCA, CySEC, DFSA, FSA, CMAUSD 0Visit Broker >>
4Read ReviewCySEC, MISA, FSCAUSD 5Visit Broker >>
5Read ReviewFCA, CySEC, FSCA, SCBUSD 100Visit Broker >>
6Read ReviewFCA, FINMA, FSA, ASICUSD 0Visit Broker >>
7Read ReviewCySEC, FCA, FSA, FSCA, Labuan FSAUSD 100Visit Broker >>
8Read ReviewCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAUSD 10Visit Broker >>
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker >>
10Read ReviewIFSC, FSCA, ASIC, CySECUSD 1Visit Broker >>


On Monday, Indian shares saw declines as investors offloaded riskier assets following Iran’s retaliatory strike on Israel over the weekend, sparking concerns about a broader regional conflict. 

As of 10:10 a.m. IST, Nifty 50 went down by 0.73% at 22,354.70 while the S&P BSE Sensex declined by 0.75% to 73,687.02.

Forty-one of the Nifty 50 stocks witnessed declines, while all thirteen major sectors recorded losses. 

Amidst the escalating tensions in the Middle East, shares of Indian rice and tea exporters also experienced a decline. India ranks among the top exporters of basmati rice and tea, with Iran being a significant buyer of these commodities

The looming risk of a full-blown conflict breaking out in the Middle East, potentially involving the United States, has left the region on edge. President Joe Biden warned Prime Minister Benjamin Netanyahu that the US would not engage in retaliatory strikes against Iran.

As per Israel, “the campaign is not over yet.”

Japan’s Nikkei 225 also went down by 0.7%, trading at 39,232.80, while Hong Kong’s Hang Seng index dropped by 0.6% to 16,619.67. The Shanghai Composite, on the other hand, gained 0.8% trading at 3,044.49.

South Korea’s Kospi also went down by 0.4% to 2,671.19. In Australia, S&P/ASX slipped by 0.4% trading at 7,754.50. 

The rising tensions also triggered a rush to safety, driving gold prices up, while the safe-haven dollar strengthened across the board, extending its 1.6% increase from the previous week.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Sophia Cruz
Financial Writer - Asian & European Desks
Sophia is an experienced writer, reporter and newsdesk member, mostly on the financial sectors. For the past 5 years Sophia has covered a wide variety of topics such as the financial markets, economics, technology, fin-tech and trading. Sophia has been a part of the FX Leaders team since 2017 and works on producing valuable content and information for traders of all levels of experience.
Related Articles