In the wake of Israel's incursion into Iranian territory, prefiguring an escalation of anxieties surrounding Tehran's burgeoning nuclear ambitions, Asian markets commenced Friday trading in bearish territory, mirroring a commensurate spike in crude futures, with both WTI and Brent experiencing pronounced upward trajectories; notwithstanding, indices including the Nikkei 225, Kospi, Hang Seng, Shanghai Composite, and S&P/ASX 200 all registered declines, yet Xu Tiachen of The Economist Intelligence anticipates a swift correction, positing that the region's circumscribed exposure to the theatre of conflict, coupled with burgeoning commercial linkages to jurisdictions such as Saudi Arabia and the UAE, will serve as mitigating factors, even as Wall Street digested encouraging inflation data that buoyed Thursday's trading session and precipitated a decline in Treasury yields, bolstering speculation regarding prospective monetary easing by the Federal Reserve, although the spectre of inflationary pressures and recessionary headwinds, potentially exacerbated by the capricious implementation of protectionist trade measures, continues to cast a pall over the economic landscape.