Bitcoin Outperforms Equities as Asia Markets Reel From Iran Strikes [Yahoo! Finance]
QANTAS AIR LTD S/ADR NEW (QABSY)
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Source: Yahoo! Finance
Asian markets plunged on Monday as the fallout from US and Israeli military strikes on Iran sent oil surging, stocks tumbling, and investors scrambling for safe havens — but Bitcoin held up better than expected, trading around $66,500 after a weekend that saw it swing between $63,000 and $68,000. With the Strait of Hormuz effectively shut and Brent crude up as much as 13%, the conflict is now testing whether Bitcoin's 24/7 liquidity makes it a crisis shock absorber or just another risk asset caught in the downdraft. Asia Opens in the Red, Then Pares Losses Japan's Nikkei plunged as much as 2.15% at the open, shedding over 1,260 points. By midday, it had pared the drop to 1.66%, trading at 57,875. Hong Kong's Hang Seng fell 2.54%, and Singapore's Straits Times fell 2.13%. Shanghai held up better, dipping just 0.45%. Airline stocks across the region — Qantas, Singapore Airlines, and Japan Airlines among them — fell more than 5% as the Hormuz closure disrupted flight routes and
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