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๐Ÿ‡ธ๐Ÿ‡ช Sweden /Economy & Trade

Asian markets down after attacks on Iran

From Svenska Dagbladet · () Swedish

Translated from Swedish, summarized and contextualized by DistantNews.

At a glance

News Sources not specified Context piece
  • Asian stock markets largely declined following U.S. attacks on Iran, with Japan's Nikkei and South Korea's Kospi indices showing significant drops.
  • The U.S. military confirmed carrying out strikes in southern Iran in response to earlier attacks on commercial vessels in the Strait of Hormuz.
  • The report also briefly mentions other news items, including high fire risk in Sweden and robot attacks in Kyiv.

Asian stock markets experienced a predominantly negative trading session on Wednesday, reacting to the U.S. military's recent attacks on Iran. The Japanese Nikkei 225 index fell by 0.7%, while the broader Topix index saw a 0.5% decrease. South Korea's Kospi index dropped significantly by 2.1%, and China's Shenzhen index was down 0.8%. In contrast, Hong Kong's Hang Seng index showed a gain of 1.7%.

The U.S. Central Command confirmed conducting multiple strikes in southern Iran, specifically in the Sirik and Qeshm coastal areas. These actions were stated to be a response to earlier attacks on foreign vessels in the Strait of Hormuz, an incident Iran has not officially claimed responsibility for. The timing of these attacks is notable, occurring despite a 60-day ceasefire announced in June.

USA has attacked Iran

โ€” Emilia LindelliReporting the U.S. military's confirmed strikes in southern Iran.

Separately, the report touches upon other developing news. Sweden is facing a high risk of wildfires in several regions, with SMHI issuing warnings for large parts of the country. Additionally, Ukraine's capital, Kyiv, was reportedly targeted by robot attacks overnight, resulting in explosions and fires in several buildings, according to Kyiv's mayor.

Several explosions have been heard in Ukraine's capital Kyiv during the night towards Wednesday.

โ€” Kyiv's mayor Vitalij KlytjkoReporting on robot attacks targeting Kyiv.
DistantNews Editorial

Originally published by Svenska Dagbladet in Swedish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.