Iran's first strike on Israel pushed down crypto and risk assets, while leading to a spike in gold.
Asian shares skidded Tuesday following a slump on Wall Street after higher yields in the U.S. bond market cranked up pressure on stocks. Microsoft, for example, swung from an early gain of 1.2% to its loss in the afternoon and was the second-largest force weighing on the S&P 500.
Asian markets seemed little moved by a major earthquake hitting Taiwan, with stocks across the region trading lower in line with a two-day selloff on Wall Street and as earlier positive sentiment faded over the economic recovery in China. Hong Kong’s Hang Seng Index retreated 1.2% while the Shanghai Composite fell 0.2%. In Taiwan, where a 7.4-magnitude earthquake rocked the island on Wednesday, the benchmark TAIEX shed just 0.6%.