Asia-Pacific markets tumble after Iran strikes, oil futures spike by over 8% [MSNBC.com]
KAWASAKI HEAVY INDS S/ADR (KWHIY)
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Source: MSNBC.com
In this articleInterception attempts are made by Israel as missiles are launched from Iran, following Israeli and U.S. strikes on Iran, in Jerusalem March 1, 2026.Ammar Awad | ReutersAsia-Pacific markets tumbled Monday as the conflict between Iran and U.S.-Israel escalates, following the death of Iranian Supreme Leader Ayatollah Ali Khamenei, raising concerns over energy supplies.U.S. President Donald Trump said Sunday thatcombat operations in Iran will continueOil futures jumped by over 8%, with West Texas Intermediate futures and Brent last trading at $72.52 and $79.04 per barrel, respectively. Gold futures jumped 2.3% as investors piled into the global safe haven.Japan'sNikkei 225Mitsubishi Heavy Industries, Kawasaki Heavy Industries and IHI, which have defense businesses, rose over 1%.Australia'sS&P/ASX 200Hong KongHang Seng indexSouth Korea's markets were closed for a public holiday.Stock futures tumbled in overnight trading after the weekend strikes in Iran. Futures on the Dow J
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