Domino effect on markets. War in the Middle East hits stock exchanges
Fears about oil prices fueled sharp declines on global stock exchanges. However, it was possible to profit from arms companies.
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Investors are now learning a painful lesson: Buying a dip driven by geopolitics isn’t a slam dunk.
Investors rushed to buy U.S. stocks on Monday after the U.S. and Israeli bombardment of Iran helped inspire a global selloff. That may have been short-sighted.
By Joseph Adinolfi
Read full article →(LEAD) Seoul shares plummet over 7 pct on Middle East conflict fears; won sharply down - Yonhap News Agency
(LEAD) Seoul shares plummet over 7 pct on Middle East conflict fears; won sharply down Yonhap News Agency
Read full article →Milan bourse closes 3.92% down on Iran war
(ANSA) - ROME, MAR 3 - The Milan bourse closed 3.92% down on the Iran war Tuesday following a loss of almost 2% Monday, with the FTSE MIB index falling to 44,468 points. The market recovered somewhat from the day's lows, however. Utilities and energy stocks, along with luxury goods, were the hardest hit. Moncler lost 6.47%, Italgas 6.3%, A2a 6%, Hera 5.74%, and Brunello Cucinelli 5.57%. In a market that was almost entirely in the red, only Lottomatica (+3.32%), following its earnings report, ...
By ANSA
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