US Strike On Iran Triggers Oil Shock In Asia
(MENAFN- Asia Times) A targeted US military strike on Iranian military assets has reignited geopolitical risk in global markets, and the immediate fallout is being felt most acutely across emerging Asia. Asian currencies, equities and bonds are under renewed pressure as investors price in higher energy costs, a potential capital exodus and a delayed path to monetary easing. The Bloomberg Asia Dollar Index dropped 0.3%, its largest single-day decline in weeks. The South Korean won and Indonesian rupiah led regional currency losses, while equity markets from Manila to Seoul posted...