KONTAN.CO.ID - TOKYO. Asian shares and bond yields sank on Friday while safe-haven currencies, gold and crude oil jumped after reports of a sharp escalation in Middle East hostilities. MSCI's broadest index of Asia-Pacific shares dived 2.3% and U.S. stock futures pointed 1.5% lower following media reports Israeli missiles had hit a site in Iran. U.S. long-term Treasury yields dropped as much as 13.5 basis points to 4.512%. The safe-haven yen rallied about 0.4% against the dollar and 0.7% versus the euro while the Swiss franc rallied about 0.9% versus the dollar.
GLOBAL MARKETS - Stocks Sink, Oil Surges on Reports of Middle East Attacks
KONTAN.CO.ID - TOKYO. Asian shares and bond yields sank on Friday while safe-haven currencies, gold and crude oil jumped after reports of a sharp escalation in Middle East hostilities. MSCI's broadest index of Asia-Pacific shares dived 2.3% and U.S. stock futures pointed 1.5% lower following media reports Israeli missiles had hit a site in Iran. U.S. long-term Treasury yields dropped as much as 13.5 basis points to 4.512%. The safe-haven yen rallied about 0.4% against the dollar and 0.7% versus the euro while the Swiss franc rallied about 0.9% versus the dollar.