Asian Stocks to Steady as US Shares Pare Drop: Markets Wrap – Bloomberg.com
Turmoil in the Middle East sparked fresh losses in stocks and bonds, with fears about an escalation of the war in Iran boosting oil prices as anxiety builds around the potential economic fallout of the conflict.
The drop in equities deepened, with the S&P 500 falling 1.5% as CBS reported the Pentagon is preparing to deploy ground forces into Iran. President Donald Trump rejected the idea of declaring a cessation of hostilities. Speculation grew the US is weighing a plan to seize Kharg Island, but Trump was evasive about his plans for the major oil-export hub. Brent topped $112.
