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Stock impact report

Oil prices soar and stock prices fall as U.S.-Israel war with Iran rattles markets [BNN Bloomberg (Canada)]

IHI CORP UNSP/ADR (IHICY) 
NASDAQ:AMEX Investor Relations: ihi.co.jp/en/ir
Company Research Source: BNN Bloomberg
The futures for the S&P 500 and Dow Jones Industrial Average sank 1.7%. The price of a barrel of U.S. benchmark jumped 9% to $73 per barrel. Brent crude jumped nearly 10% to nearly $80 per barrel. European markets opened sharply lower. Germany's DAX dropped 2.2% to 24,737.47, while in Paris the CAC 40 lost 1.9% to 8,413.91. Britain's FTSE 100 slipped 1% to 10,800.63. Shares fell in most Asian markets but they rose in Shanghai, where higher oil prices lifted some oil company stocks such as CNOOC, China Petroleum & Chemical and PetroChina to the 10% limit. The Shanghai Composite index climbed 0.5% to 4,182.59, while in Hong Kong, the Hang Seng lost 2.1% to 26,059.85. Japan's Nikkei 225 index initially fell more than 2%. It closed 1.4% lower at 58,057.24. Offsetting other losses, shares in defense-related stocks including Mitsubishi Heavy Industries and IHI Corp. advanced. Australia's S&P/ASX 200 ended flat, at 9,200.90. In India, which could face disruptions to its access Show less Read more
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