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Middle East Conflict Ignites Asian Stock Rout: South Korea Circuit Breakers, Japan Plunge, Market Still Trading Risk-Off Sentiment
TradingKey — The sudden escalation of tensions in the Middle East has triggered global market volatility. On March 4, Japanese and South Korean stock markets fell sharply, with South Korean markets triggering intraday circuit breakers, becoming one of the most volatile markets under the impact of this round of geopolitical risks.
TradingKey
an hour ago
Samsung Drops Another 10% Amid U.S.-Iran Conflict; U.S. Foundry Mass Production Delayed Again
TradingKey - On Wednesday, March 4, the US-Iran conflict continued to weigh on Asian markets. By the close of the South Korean stock market, the benchmark KOSPI Index triggered intraday circuit breakers for the second consecutive day and closed sharply lower, falling 12.11% today. Heavyweight SamsunTradingKey
2 hours ago
Pound Sterling weakens to near 1.3300 as geopolitical risks bolster US Dollar
The GBP/USD pair attracts some sellers to around 1.3310 during the early European session on Wednesday. Escalating conflict in the Middle East triggers a "flight to safety," supporting the US Dollar (USD) against the Pound Sterling (GBP).
Fxstreet
3 hours ago
Gold climbs over 1% as widening Middle East war fuels safe‑haven demand
March 4 (Reuters) - Gold prices rose over 1% on Wednesday, rebounding from a more than one-week low hit in the previous session, as a widening Middle East conflict sent global markets tumbling and supported safe-haven demand.Reuters
3 hours ago
US Dollar Index rises above 99.00 as Middle East tensions drive inflation fears
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, extends gains for the third consecutive day, trading around 99.20 during the Asian hours on Wednesday.Fxstreet
6 hours ago
Australia economy picks up speed in Q4 but headwinds intensifying
SYDNEY, March 4 (Reuters) - Australia's economy grew at the fastest annual pace in almost three years in the December quarter, data showed on Wednesday, a pickup that reignited inflation and required a hike in interest rates to tamp demand down.Reuters
6 hours ago
KOSPI Plunges 8%, Triggers Market Circuit Breaker
TradingKey - Seoul’s equity market suffered its sharpest shock on Wednesday morning, with panic spreading quickly after the opening bell. The benchmark KOSPI Index tumbled more than 5% within minutes of the open, breaching the key 5,500-point psychological threshold.TradingKey
7 hours ago
Shorter-dated JGB yields fall as Iran tension reduces BOJ rate-hike expectations
TOKYO, March 4 (Reuters) - Shorter-dated Japanese government bond (JGB) yields fell on Wednesday, as investors scaled back expectations for an early rate hike by the Bank of Japan in the wake of U.S. and Israeli military actions against Iran.Reuters
7 hours ago
Asia stocks slump as markets brace for energy shock
SINGAPORE, March 4 (Reuters) - Asian markets skidded on Wednesday, with investors cutting crowded positions in gold and chipmakers on worries a wider Mideast war could deliver an energy shock that raises inflation and delays rate cuts.Reuters
7 hours ago
EUR/USD remains offered below 1.1600, seems vulnerable near multi-month low
The EUR/USD pair struggles to capitalize on the overnight bounce from the 1.1530 region, or the lowest level since November 2025, and lower for the third consecutive day on Wednesday. Spot prices slide back below the 1.1600 mark during the Asian session and seem vulnerable to slide further.
Fxstreet
8 hours ago
Australian Dollar remains subdued following GDP data
AUD/USD extends its losses for the second successive session, trading around 0.7010 during the Asian hours on Wednesday. The pair remains under pressure following the release of Australian Gross Domestic Product (GDP) data. Attention now turns to the US ISM Services Purchasing Managers’ Index (PMI),
Fxstreet
8 hours ago
Japan and South Korea Stocks Extend Decline, Nikkei 225 Index Falls Below 55,000
TradingKey - On March 4, the benchmark indices of Japan and South Korea opened under pressure and trended lower. South Korea’s KOSPI Index opened down 3.44%, with intraday losses widening to as much as 6% before narrowing. In the Japanese market, the Nikkei 225 Index opened 1.4% lower and continued to decline, breaking below the 55,000 psychological level during intraday trading.TradingKey
8 hours ago
Today’s Market Recap: U.S. Markets Retreat Amid Intensifying Middle East Conflict and Global Supply Disruptions
U.S. markets faced a broad sell-off as escalating Middle East tensions and significant energy supply disruptions from Qatar and Iraq pressured investor sentiment. While indices recovered slightly from intraday lows, the focus remains on the Strait of Hormuz blockade and soaring commodity prices.
TradingKey
9 hours ago
Bitcoin Holds Steady As Middle East Conflict Rattles Markets
War is burning across the Middle East. Oil prices are climbing. Stock markets in Asia have taken a hit. And yet, Bitcoin is still standing above $66,000 — a fact that has caught the attention of analysts keeping a close eye on the market.NewsBTC
9 hours ago
CIA station in Saudi Arabia struck by suspected Iranian drone, source says
WASHINGTON, March 3 (Reuters) - The Central Intelligence Agency's station at the U.S. Embassy in Saudi Arabia was hit on Monday by a suspected Iranian drone, a source familiar with the matter told Reuters on Tuesday.Reuters
9 hours ago
Gold falls to near $5,100 as inflation fears weigh amidst Middle East conflict
Gold price (XAU/USD) faces some selling pressure near $5,100 during the early Asian session on Wednesday. The precious metal falls amid a renewed US Dollar (USD) demand and dimming prospects for US rate cuts.
Fxstreet
9 hours ago
