Geopolitical tensions between the US-Israel and Iran triggered a risk-off sentiment, pushing Japan’s Topix index into a correction. Oil prices surged as fears of regional conflict intensified, weighing on global equity markets.
- Japan’s Topix index entered a correction
- US-Israeli strikes on Iran triggered risk-off sentiment
- Oil prices rose due to Hormuz Strait concerns
- Crude oil futures (CL=F) increased
- Volatility index (VIX) climbed
- Energy and defense sectors were impacted
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