Bitcoin (BTC) fell to its lowest point in two weeks, trading below $62,000 as Asian stock markets experienced a significant tech-driven sell-off. South Korea's Composite index dropped 10%, and Japan's Nikkei 225 shed nearly 4%. Analysts warn of potential further declines for BTC, with one target set at $54,000.
Asian markets opened lower as investors reacted to mixed signals from the Middle East, including Israeli PM Netanyahu's remarks on potential military action against Iran. Oil prices rose, while S&P 500 futures fell. Tech stocks also saw declines.
Asia markets opened lower Thursday amid renewed Middle East tensions, with Israeli PM Netanyahu signaling readiness for military action against Iran. Oil prices rose, while S&P 500 futures fell. Tech stocks also dipped on weaker earnings and SpaceX's IPO pricing.
President Trump halted a planned attack on Iran after requests from Saudi Arabia, UAE, and Qatar. Oil prices fell, but fears of a prolonged energy crunch persist due to the Strait of Hormuz blockade, impacting airlines and global inflation. US markets saw a tech sell-off, with Meta planning layoffs.
Asia-Pacific markets traded mixed ahead of the Trump-Xi summit, with Samsung shares rising to a record high despite labor dispute threats, while analysts expect the meeting to focus on trade and export controls.
South Korean stocks rose Monday to hit a fresh record following their strongest monthly gain in April, as investors weighed tensions between Iran and the US and a US plan to reopen shipping in the Strait of Hormuz. Dubbed 'Project Freedom,' the US effort includes guided-missile destroyers, over 100 aircraft, and 15,000 service members. Oil prices fell following the announcement, with WTI futures down 0.59% to $101.34 per barrel.
Asia-Pacific markets opened mixed Monday as investors evaluated President Trump's 'Project Freedom' plan to free civilian ships stranded in the Strait of Hormuz amid U.S.-Iran tensions. The U.S. military will deploy guided-missile destroyers, over 100 aircraft, and 15,000 service members to the contested waterway. Oil prices fell following the announcement, with WTI futures down 0.59% to $101.34 and Brent crude 0.27% lower at $107.88.
Japan's Nikkei 225 closed at a record high 59,585.86, up 0.4%, as Asian markets mixed amid Middle East uncertainty after Trump extended the US ceasefire with Iran. The US will maintain its blockade of Iranian ports while Tehran considers a proposal. Negotiators from Iran called US talks a 'waste of time' and said they wouldn't attend. SoftBank shares rose 10% on Arm CEO news, while HCL Technologies dropped nearly 9% after missing earnings expectations.
Japan's Nikkei 225 rose to a record 59,691 after trade data showed exports rising for a seventh straight month, while President Trump extended a US ceasefire with Iran at Pakistan's request. However, Iranian negotiators refused to attend talks, creating uncertainty across Asia-Pacific markets. Oil futures slipped slightly while South Korea's Kospi and Australia's ASX 200 both declined over 1%.
Asia-Pacific markets opened broadly lower Wednesday as concerns grew that the Middle East conflict could drag on, after President Trump extended a U.S. ceasefire in Iran at Pakistan's request. Iranian negotiators refused to attend peace talks, calling them a 'waste of time,' delaying Vice President JD Vance's trip. Oil prices rose with WTI at $90.39 and Brent at $99.24. Japan's Nikkei fell 0.41% and Topix dropped 0.67%, while South Korea's Kospi edged up 0.16%.
Asia-Pacific markets opened mixed Tuesday as investors weighed hopes for Middle East conflict resolution against rising Iran-US tensions. South Korea's Kospi jumped 2.11%, Japan's Nikkei gained 1.15%, while Australia's S&P/ASX 200 slipped 0.24%. Oil prices fell over 1% on demand concerns. Iran's parliament speaker rejected negotiations under threats, warning of new battlefield cards as a US deadline looms.
Asia-Pacific markets opened higher Tuesday amid hopes for Middle East conflict resolution, even as US-Iran tensions escalate. Iran's parliament speaker Mohammad Bagher Ghalibaf warned that Tehran will not accept negotiations under threats and has prepared to reveal 'new cards on the battlefield.' This follows President Trump's warning that 'lots of bombs start going off' if no deal is reached before the shaky ceasefire expires Tuesday evening.
