{"id":60819,"date":"2025-06-13T08:34:20","date_gmt":"2025-06-13T08:34:20","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/06\/13\/asian-shares-slump-as-geopolitical-tensions-mount\/"},"modified":"2025-06-13T08:34:20","modified_gmt":"2025-06-13T08:34:20","slug":"asian-shares-slump-as-geopolitical-tensions-mount","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/06\/13\/asian-shares-slump-as-geopolitical-tensions-mount\/","title":{"rendered":"Asian Shares Slump As Geopolitical Tensions Mount"},"content":{"rendered":"
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Asian stocks tumbled on Friday after Israel conducted “pre-emptive” strikes on Iran; targeting several nuclear and military assets.<\/p>\n

Israel also declared a state of emergency in anticipation of a missile and drone strike by Tehran and said it has begun intercepting Iranian drones.<\/p>\n

The U.S. dollar advanced along with other safe-haven assets, including U.S. Treasury bonds and gold.<\/p>\n

Oil prices were up more than 5 percent as the escalation of hostilities in the Middle East raised worries about disrupted oil supplies.<\/p>\n

China’s Shanghai Composite Index fell 0.8 percent to 3,377 as Israel-Iran tensions intensified and Sino-U.S. trade optimism waned. Hong Kong’s Hang Seng Index declined 0.6 percent to 23,892.56 amid tensions over Tehran’s rapidly advancing nuclear program.<\/p>\n

Japanese markets<\/span> closed lower, dragged down by exporters and tech stocks. The Nikkei 225 Index slid 0.9 percent to 37,834.25, while the broader Topix Index settled 1 percent lower at 2,756.47.<\/p>\n

Toyota Motor fell 2.4 percent and Nissan dropped 1.3 percent as the yen strengthened. In the tech sector, Tokyo Electron and Screen Holdings both plummeted around 4.8 percent<\/p>\n

Oil explorers rose, with Inpex rallying 3 percent as global oil prices soared on supply concerns.<\/p>\n

Seoul stocks fell for the first time in eight trading sessions following Israel’s pre-emptive strike on Iran and lingering trade tensions.<\/p>\n

The Kospi ended down 0.9 percent at 2,894.62. Samsung Electronics, Samsung Biologics, LG Energy Solution and Hyundai Motor declined 1-3 percent.<\/p>\n

Australian and New Zealand markets fell as domestic bond yields dipped to a six-week low. Australia’s benchmark S&P\/ASX 200 Index slipped 0.2 percent to 8,547.40, extending losses for a second day running. The broader All Ordinaries Index closed 0.3 percent lower at 8,770.60.<\/p>\n

Across the Tasman, the benchmark S&P\/NZX-50 Index fell 0.8 percent to 12,552.87.<\/p>\n

Overnight, U.S. stocks recovered from an early slide to end modestly higher, buoyed by a strong rally in Oracle shares and data showing that producer price inflation rose less than expected in May.<\/p>\n

The dollar hit a three-year low and U.S. 30-year yields approached the 4.8 percent mark after a solid sale of long-term Treasuries.<\/p>\n

The Dow gained 0.2 percent and the S&P 500 added 0.4 percent to reach three-month closing highs, while the tech-heavy Nasdaq Composite edged up by 0.2 percent. <\/p>\n<\/p>\n

Business News<\/p>\n<\/div>\n