Equities mostly drop as Mideast crisis rages, though oil dips

Published
0

Most stocks in Asia fell Friday as the war in the Middle East showed no sign of ending, though there was some reprieve from the surge in oil prices after the United States looked to ease supply concerns, reports Reuters.

After a torrid week on trading floors, investors were limping into the weekend wondering when the US-Israel war on Iran, and Tehran’s attacks across the Gulf region, will come to an end.

Equities across the world have been battered by the crisis, which has sent crude prices soaring by about a fifth since Friday last week — the day before the attacks started — and fanned fears of a fresh spike in inflation that could hit the global economy.

While there was a midweek bounce, analysts warned that the longer the conflict goes on, the worse it will be for markets to absorb.

Opinion

Editorial

Fixing bond markets
Updated 01 Oct, 2026

Fixing bond markets

Pension funds, insurance companies, mutual funds, retail investors, and eventually, foreign investors must become bigger participants in the market.
Call centre rackets
01 Oct, 2026

Call centre rackets

A NUMBER of recent raids conducted by the authorities in different cities point to the growing threat fraudulent ...
Homeward bound
01 Oct, 2026

Homeward bound

FIVE months after Somali pirates captured an oil tanker carrying a 19-member multinational crew, Somali maritime...
Kashmir unresolved
Updated 30 Sep, 2026

Kashmir unresolved

The just solution lies in India addressing the issue through a trilateral dialogue involving the legitimate representatives of the Kashmiri people and Pakistan.
Water shortage
30 Sep, 2026

Water shortage

THAT the country is entering the Rabi season with an anticipated water shortage of nearly 25pc, the lowest carryover...
Young hearts
30 Sep, 2026

Young hearts

THE observance may have passed, but the message of World Heart Day should not fade with it. The occasion is a useful...