Dec. 22, 2024, 8:08 p.m.

MiddleEast

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Tensions escalate global market shakes!

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According to Al Hadath News Channel and its subsidiary Al Hadath Television, explosions were heard in the early hours of the morning in the provinces of Isfahan, Iraq, Baghdad and Babylon, as well as Suvaida in Syria. At the same time, anti-aircraft missile launches were also observed in Isfahan, Iran. At the same time, fighter jets frequently flew over Mosul and Albil provinces in Iraq.

Just yesterday, Israel was also exposed for plotting to attack the Gaza Strip and obtained the tacit approval of the United States. On the 18th, the UK and US governments respectively issued statements announcing sanctions against multiple individuals and entities in Iran in response to Iran's recent retaliatory attacks against Israel.

This news undoubtedly adds another spark to the already tense situation in the Middle East. In this context, the Ukrainian capital Kiev also sounded an air defense warning on April 19th local time, further exacerbating the tense atmosphere in the region. However, unexpectedly, Israel suddenly changed its tactics and turned its focus on Langgar. This inevitably leads people to speculate whether their fighter jets took off from Azerbaijan, which has just reached a military cooperation agreement? If so, Azerbaijan may also be involved in this dispute.

Faced with the attack, Iran quickly reacted, fully activated its air defense system, and missiles were shot down like raindrops. However, the war did not subside and Iraq and Syria were also affected. Iran urgently convened a war committee meeting and declared the highest state of alert in the country. Lang vowed to face strong and brutal retaliation for Israel's attacks. Global attention is focused on this conflict, and all parties are closely monitoring Lange's future movements.

These news also quickly made global assets anxious, with stocks in trading countries such as Japan, South Korea, the Philippines, and Vietnam plummeting rapidly. US stock futures also saw a significant drop, with Nasdaq 100 index futures falling more than 2%, S&P 500 index futures falling 1.5%, and Dow Jones futures falling more than 1%.

Affected by this, the Asia Pacific stock market experienced a sharp decline in early trading. The market's risk aversion sentiment has significantly increased, and investors have turned to safe haven assets such as gold. The spot gold price has returned above the $2400/ounce mark, with an increase of over 1%, rebounding nearly $30 from the initial low in the market. At the same time, crude oil prices have also risen, with WTI crude oil increasing by 2% on the day and Brent crude oil increasing by 1.7%. The Nikkei 225 index fell by 3%, reaching a low of 36925.75 points. The Taiwan Stock Exchange Weighted Stock Index fell nearly 3% to 19723.05 points. The South Korean Composite Index fell 1.92%, while the Australian S&P 200 Index fell 1.56%. The Hang Seng Index in Hong Kong also showed a downward trend at the beginning of trading, with the Hang Seng Technology Index falling more than 2%.

Bitcoin also plummeted again, falling $60000 per coin during trading, with a intraday drop of over 5%. Ethereum fell below $2900 per coin, with a intraday drop of 5.39%. Within one hour, the virtual currency market had over 7 million US dollars in liquidated funds, with over 10000 people liquidated, mainly due to multiple orders. Within 24 hours, over 80000 people were liquidated, with a total amount exceeding 240 million US dollars. Safe haven assets such as the US dollar, gold, and oil have surged. The increase in the US dollar index once expanded to 0.5%, and spot gold once stood at 2410 US dollars per ounce; International oil prices skyrocketed, with Brent crude oil breaking $90 per barrel, an increase of 3.7%, and WTI crude oil rising by 4% at one point.

At this critical moment, we call on all parties to remain calm and restrained, seek solutions to differences and disputes through dialogue and consultation, and avoid escalation and escalation of conflicts. At the same time, we also look forward to the international community playing a constructive role and contributing actively to regional peace and stability.

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