Markets Fall Amid West Asia Tensions, Oil Rally
Asian and Indian stock markets slid in early trade as renewed Middle East tensions pushed crude higher and hawkish Jackson Hole signals kept Fed rate-hike bets alive. The oil rally and higher yields hit tech and growth shares, with AI-related tech and semiconductors among the notable laggards across Korea, Japan, and broader Asia. Brent crude hovered near $90 a barrel after US strikes on Iranian targets, while US futures and Treasuries moved in tandem with rate expectations. Analysts described the move as a risk-off, with a pattern of front-end repricing and subsequent risk assets following, though some cushions came from financials in certain markets. The month-end timing amplified moves and volatility, with traders watching for further developments in the Middle East and Fed communications.



