Global stocks enter the red zone amid fears of a blockade of the Strait of Hormuz
Global stocks began the new trading week with a slight decline, as traders assessed developments in the Middle East, after the United States threatened to impose a naval blockade on the Strait of Hormuz.
In European stock indices, the index fell "Stokes 600" By 0.7% by 8:40 am London time, with all major stock exchanges declining and most sectors declining, with the exception of oil and gas.
On the other hand, Asia-Pacific markets declined on Monday, as investors awaited a possible US naval blockade of Iranian ports, following Talks between Washington and Tehran failed to reach an agreement to end the conflict in the Middle East.
The collapse of negotiations over the weekend in Islamabad led to renewed fears that the US-Iran war will last longer than expected, leading to a rise in Oil prices which will continue to put pressure on global economies.
India’s Nifty 50 index was the worst performing among the major Asian indices, falling by nearly 2%.
The index declined "Nikkei 225" The Japanese index fell by 1.09%, while the Japanese index fell "Topix" By 0.67%, the index decreased "Cosby" South Korea increased by 1.26%.
The index declined " CSI300" The Chinese index rose slightly by 0.12%, while the "Hang Sing" In Hong Kong, it suffered early losses and fell by 1.22%.
In the United States, US stock futures fell early Monday before trimming some of their losses after President Donald Trump announced a blockade of the Strait of Hormuz.
And index futures recovered. "Dow Jones" The industrial index rose from an early decline to decline by 256 points, or 0.5%. Index futures fell "Standard & Poor’s 500" By 0.55%, index futures fell "Nasdaq 100" By 0.6%.
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