June 13th, 2025
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Asian markets opened lower on Friday after Israel attacked near Iran's capital. This event has made people more worried about Iran's nuclear program, causing oil prices to go up a lot, with both U.S. and Brent crude oil increasing significantly. Major stock indexes in Tokyo (Nikkei 225), Seoul (Kospi), Hong Kong (Hang Seng), Shanghai (Shanghai Composite Index), and Australia (S&P/ASX 200) all went down. However, Xu Tianchen from The Economist Intelligence Unit thinks that even though the Israeli attack creates global risks, Asian markets will probably recover quickly. This is because they are not very involved in the conflict and have stronger connections with areas not affected, like Saudi Arabia and the UAE. At the same time, U.S. stock markets went up on Thursday after good news about inflation. Stocks got a boost from lower Treasury yields, which suggests the Federal Reserve might cut interest rates later this year. Despite these good things, people are still concerned about how Trump's changing tariffs might affect inflation and if there could be an economic recession.
June 13th, 2025
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