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West Asia Tensions Rock Asian Markets
8 Jun
Summary
- Asian markets opened lower due to Iran's missile strikes on Israel.
- US markets also declined following higher-than-expected May jobs data.
- Crude oil futures surged, while gold and silver prices experienced volatility.
Asian markets experienced a downturn on Monday, June 08, 2026, following Iran's missile strikes against Israel, which heightened regional uncertainty. South Korea's Kospi fell 8.4%, and Japan's Nikkei 225 dropped 3.4%. US benchmark futures also traded lower, reflecting concerns over the escalating conflict.
Earlier on Friday, May 05, 2026, US equity markets closed lower after May jobs data exceeded expectations. The Nasdaq Composite fell 4.18%, the S&P 500 sank 2.64%, and the Dow lost 695 points. Meanwhile, crude oil futures surged, with WTI and Brent crude both trading higher this morning.
Gold prices saw a slight increase to Rs 1,55,480 per 10 grams for 24-carat gold in India, despite a recent fall. Silver prices in India fell 6.2% to Rs 2.48 lakh per kilogram. Foreign institutional investors were net sellers of Rs 8,776.25 crore on June 05, 2026, while domestic institutional investors were net buyers of Rs 9,133.57 crore.
