Asian shares fell on Friday, erasing early gains, while oil prices spiked after ...
SHANGHAI - Asian shares fell on Friday, erasing early gains, while oil prices spiked after U.S. air strikes in Iraq killed a top Iranian commander, heightening geopolitical tensions.
MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS had touched its highest point since June 15, 2018 in early trade, but fell after reports of the air strike emerged. It was last down 0.26%. “It is significant that one of Iran’s top military generals was reported to have been taken out ... but it all hinges on what Iran does in terms of retaliation,” he said.
Against the backdrop of a thaw in trade relations between the United States and China, global markets had seen renewed appetite for risk assets.
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