Asian shares and bond yields sink, safe-haven assets rise after reports of Israeli attack on Iran
Asian shares and bond yields fell on Friday while safe-haven currencies, gold, and crude oil rose following reports of an Israeli attack on Iran, which raised concerns of a wider conflict in the Middle East. However, the market moves were somewhat mitigated as details emerged that the attack was limited and Iranian officials denied any missiles were launched against it. The lack of clarity on what Iran might do next will keep investors nervous and the market volatile for now, at a time when investors are faced with significant inflation and interest rate uncertainties.
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