Asian currencies slip on risk off after Israel strikes Iran – Business & Finance
BENGALURU: Asian stock markets and currencies fell on Friday as investors rushed to safe havens after Israel struck Iran’s nuclear and military sites, deepening market jitters already stoked by global trade tensions. Israel said it was declaring a state of emergency in anticipation of a missile and drone strike by Tehran, after what it called a “preemptive strike” over Iran’s nuclear programme. Crude prices surged over 9% on worries about disrupted oil supplies. Rising oil prices typically pressure emerging Asian currencies by widening current account deficits in net oil-importing countries....