Today's News Update - 22nd April 2024 Asia Asian equities declined on news that Israel carried out a limited strike in Iran, causing stocks and risk assets to tumble while safe havens rose. Japan’s Nikkei 225 dropped 2.66%, though it recovered from earlier losses to close at 37,068.35. South Korea’s Kospi ended 1.63% lower at 2,591.86, with the small-cap Kosdaq down 1.61% at 841.91. Australia’s S&P/ASX 200 lost 0.98%, closing at 7,567.3, marking its sixth losing session in seven days. Hong Kong’s Hang Seng index declined by 0.95%, while the mainland Chinese CSI 300 slipped 0.79% to close at 3,541.66. US On Friday, the Nasdaq Composite extended its losing streak to six sessions, marking its longest decline in over a year. The Nasdaq, heavily weighted towards technology stocks, retreated by 2.05% to 15,282.01, while the broader S&P 500 slipped 0.88% to 4,967.23, falling below the key 5,000 level. Both indices recorded six consecutive negative sessions, a feat not seen since October 2022. In contrast, the Dow Jones Industrial Average climbed 211.02 points, or 0.56%, closing at 37,986.40.Netflix experienced a notable decline of over 9%, despite surpassing expectations in quarterly earnings. Commodity Oil futures ended the week with losses as traders downplayed the risk of a broader conflict stemming from Israel's retaliatory strike on Iran, reducing concerns about disruptions to crude supplies. Both U.S. crude oil and the global benchmark Brent declined by 3% and 3.4%, respectively, compared to last Friday. This reversal erased previous gains driven by apprehensions that escalating tensions between Israel and Iran would lead to a significant war. Meanwhile, gold prices saw an increase on Friday, marking their fifth consecutive weekly gain. Spot gold rose by 0.7% to $2,395.15 per ounce, reaching a session high of $2,417.59 earlier. Prices were up by 2.2% for the week. The above analysis is only for the views of market researchers and is for reference only and is not Regarded as a specific investment suggestion. #Forex #trading #tradingforex