U.S. Air Strike in Iraq Caused the U.S. Stock Market to Fall
The commander of the Iranian military, Gussem Soleimani Kuds, was killed in a US air strike in Baghdad, Iraq.
U.S. stock futures dropped and Asian shares reversed gains, while oil spiked along with the yen and gold. Qassem Soleimani, a feared Iranian general who through proxy militias extended his country’s power across the Middle East, was killed at the direction of U.S. President Donald Trump.
Concerns were raised over the armed conflict between Iran and the United States, when the Pentagon revealed that US troops killed Soleimani under the direction of President Donald Trump.
The New York’s three largest indexes have changed their all-time highs since the first day of the new year.
As the conflict between the United States and Iran escalated, the Korean financial market slumped on the 3rd, with the KOSPI returning all the 1% increase and the won / dollar exchange rate rising.
As of 2:32 pm on the day, the KOSPI pointed to 2,174.34, down 0.83 points (0.04%) from the previous trading day.
The index started at 2,192.58, up 17.41 points (0.80%) from the battlefield, and continued to rise.
At the New York Stock Exchange (NYSE), which opened on the 2nd (local time), the Dow Jones 30 Industrial Average closed at 28,8868.80, up 330.36 points (1.16%) from the battlefield.
The Standard & Poor’s 500 Index closed at 3257.85, up 27.07 points (0.84%) from the battlefield, while Nasdaq closed at 9092.19, up 119.58 points (1.33%). All three indices rewrote their all-time highs.
Taiwan stocks advanced to the 12,200 mark in the morning, the US stock market spurred on the US stock market. However, the U.S. air strike in Iraq caused the U.S. stock market to fall after geopolitical concerns arose. Oil prices surged and Asian stocks suffered. The impact, , TSMC (2330) turned red in the tail, driving the index to close red.
The weighted stock price index rose 9.95 points, up 0.08%, closed at 12110.43 points, and the trading value was NT $ 192.776 billion. The intraday index fluctuated violently, with a difference of 174 points. The transaction value reached a recent high. TSMC turned red and Hon Hai in late trading. (2317) To stay above the flat, the performance of financial and equity-equity stocks stood out, becoming an index pillar.
Analysts pointed out that the U.S. military air strike on the Iraqi capital airport caused U.S. stocks to fall after the market, and the sharp rise in oil and gold raised international geopolitical doubts.
At the same time, the KOSDAQ index was 670.76, down 3.26 points (0.48%) from the previous trading day.
The index opened at 677.57, up 3.55 points (0.53%), and then turned weak.
On the other hand, dollar values of the dollar and yen, which are safe assets, are on the rise.
In the Seoul foreign exchange market, the won / dollar exchange rate was 1,166.3 won per dollar, up 8.3 won from the day before at 2:32 pm.
The exchange rate started to rise by 0.4 won to 1,158.5 won, and then turned to a slight downward trend.
At the same time, the yen / dollar exchange rate was 108.108 yen, down 0.447 yen from the battlefield of New York.
As jitters abounded in the financial markets, Treasury bond yields also fell simultaneously.
At 11:30 am on the same day, the 3-year KTB yield on the Seoul bond market fell 1.bp%, down 2.1bp (1bp = 0.01%) from the previous trading day.
The 10-year declined 3.9bp to 1.599% a year. The 5-year and 1-year declines were 4.1bp and 0.9bp, respectively.
Twenty-year bonds fell 2.1bp to 1.640%, while 30-year and 50-year bonds dropped 2.3bp to 1.629%, respectively.
Meanwhile, international oil prices are skyrocketing in the Middle East. At 2:39 pm, the price of West Texas crude oil (WTI) in February rose to $ 63.09, up $ 1.91 (3.12%) per barrel