TASI decreased to a 19-month low of 10487.00 Index Points. Over the past 4 weeks, Tadawul All Share TASI Index lost 5.99%, and in the last 12 months, it decreased 5.72%.

Stocks in Saudi Arabia Hit 19-month Low

In New York,  the Dow Jones Index dropped 770 points or 1.79 percent on Friday. Losses were led by Sherwin-Williams (-5.66%), Visa (-4.94%) and Nike (-3.74%).

The Dow Jones Index Closes 1.79% Lower

The Ibovespa index edged down 0.2% to close near 137,500 on Friday, pressured by escalating Israel-Iran tensions that dampened investor sentiment. Global markets retreated after Iran retaliated against Israel’s strikes on its nuclear and missile facilities, stoking fears of a wider conflict and driving demand for safe-haven assets. Investors also remained cautious ahead of updates on a potential US-China tariff truce. Domestically, focus shifted to the financial transactions tax, as House Speaker Hugo Motta signaled plans to push for a decree suspending the government’s proposed rate hike. On the corporate front, surging oil prices—up 7% amid Middle East unrest—boosted Petrobras shares by 2.5%. Meanwhile, risk-sensitive stocks declined, with Vale down 1.1%, Magazine Luiza falling 6.6%, and Bradesco slipping 0.7%. Embraer dropped 3.1% following a deadly Boeing plane crash in India that claimed 290 lives.

Ibovespa Dips Amid Middle East Tensions

The S&P/TSX Composite Index fell 0.4% to close at 26,504 on Friday, pulling back from Thursday’s record high as escalating Israel-Iran tensions drove a shift toward safe-haven assets. The decline followed Iran’s retaliation for Israel’s strikes on its nuclear and missile facilities, with over 100 missiles reportedly launched, stoking fears of a broader conflict and fueling gains in gold and crude oil prices. Crude surged 7%, lifting energy stocks such as Canadian Natural Resources (+2.7%), Suncor (+4.3%), and Imperial Oil (+3.4%). Gold prices also rose 1% amid heightened geopolitical risk, boosting Agnico Eagle (+1.9%) and Barrick Gold (+2.8%). Despite Friday’s dip, the index notched its third consecutive weekly gain, rising 0.6%, supported by optimism over a potential Canada-US trade deal ahead of the upcoming G7 summit. US Treasury Secretary Scott Bessent confirmed he will attend the summit in Canada alongside President Donald Trump and meet with Prime Minister Mark Carney.

TSX Slips from Record High Amid Israel-Iran Tensions

as risk appetite faded after Iran denounced Israel’s airstrikes as a “declaration of war” and responded with missile attacks late Friday local time. The strikes targeted Iran’s nuclear and military facilities, significantly escalating geopolitical tensions and unsettling global markets. The S&P 500 and Nasdaq each declined over 1%, while the Dow Jones tumbled over 800 points. Financials and tech led the losses, with Nvidia down 2.3%, Apple off 1.5%, and Visa and Mastercard sliding over 4%. Airline stocks also sank, with American, Delta, and United down between 4.5% and 5%. Meanwhile, energy and defense shares outperformed as oil prices surged nearly 7% on supply concerns; Exxon rose 2%, and Lockheed Martin, RTX, and Northrop Grumman climbed more than 3%.  Despite the day’s selloff, major indexes remain on track for modest weekly gains, with the S&P 500 and Nasdaq both up 0.7% and the Dow ahead by 0.5%.

Dow Tumbles 800 Points as Iran Retaliates Against Israel

Frankfurt's DAX plunged 1.1% to 23,516 on Friday, hitting a month-low low and booking a 3.2% fall for the week, as escalating Middle East tensions rattled global markets. The sell-off was driven by Israel’s wave of airstrikes on Iran, targeting nuclear infrastructure and military assets, reportedly killing two top Iranian commanders. In retaliation, Iran launched drone attacks and reportedly pulled out of planned nuclear talks with the US, fueling fears of continued escalation and a broader regional conflict. On the corporate side, losses were broad-based, with Adidas (-2.8%), Porsche (-2.5%), and SAP (-2.5%) among the biggest decliners. On the other hand, Rheinmetall (2.7%), RWE (1%), and Daimler Truck Holding (0.7%) rose the most.

DAX Falls Nearly 3% for the Week

The CAC 40 index fell 1.1% to close at 7,684 on Friday, marking a third consecutive session of losses and a sharp weekly drop, as escalating tensions in the Middle East weighed on global markets. Early Friday, Israel launched large-scale airstrikes against Iran, hitting military and nuclear targets, and declared a state of emergency amid warnings of imminent retaliation. Iranian state media reported, without confirmation, the possible death of Revolutionary Guard commander Hossein Salami. Tehran vowed a harsh response against Israel and the US, though Washington said the strikes were Israel's independent action in self-defense. On the domestic economic front, final estimates confirmed that the annual inflation rate fell to 0.7% in May 2025, from 0.8% in March and April, reaching the lowest level since February 2021.  Among stocks, Stellantis (-3.5%), Accor (-3.4%) and Teleperformance (-2.9%) posted the steepest losses, while Engie (1.3%) and Orange (1.0%) advanced.

French Stocks Fall After Israel-Iran Tensions

The FTSE 100 fell 0.4% to close at 8,851 on Friday, pulling back from Thursday’s record high, as escalating tensions in the Middle East sparked a broad-based sell-off across global equity markets. However, the decline in the UK benchmark was more modest compared to heavier losses seen across its European peers. Israel launched widescale strikes against Iran, marking a significant escalation in hostilities that fueled fears of a broader conflict in the region. Shares of International Airlines Group were among the hardest hit, falling 4.5%. EasyJet (-3.5%), GSK (-2.5%) and JD Sports (-1.9%) also booked big losses. In contrast, oil, gas, and defense stocks outperformed amid heightened security risks and rising energy prices, namely BAE Systems (3.3%), BP (2%), Fresnillo (1.7%) and Shell (1%). On the week, the FTSE 100 edged up 0.1%.

FTSE 100 Falls from Record Highs

The FTSE MIB index dropped 1.3% to close at 39,438 on Friday, as european shares hit a three-week low as Israel's attack on Iran rattled global markets and drove investors toward safe-haven assets. The renewed geopolitical tension compounded existing concerns over global trade, with uncertainty lingering around US President Donald Trump's tariff policies. On the corporate front, the biggest laggards were Nexi (-4.9%), Campari (-3.4%), Stellantis (-3.4%), and Azimut (-3.2%). Meanwhile, energy companies outperformed as oil prices surged following the escalation in the Middle East. Italgas (+1.1%), A2A (+0.9%), and Eni (+1%) all advanced. Defense firm Leonardo (+0.4%) also gained amid the heightened geopolitical risks.

FTSE MIB Drops as Risk Sentiment Worsens

In Milan,  the FTSE MIB Index dropped 510 points or 1.28 percent on Friday. Losses were led by Nexi (-5.13%), Davide Campari-Milano (-3.40%) and Azimut Holding (-3.20%).

The FTSE MIB Index Closes 1.28% Lower

In Frankfurt,  the DAX Index decreased 255 points or 1.07 percent on Friday. Losses were driven by Puma (-2.94%), Adidas (-2.77%) and Porsche AG (-2.45%).

The DAX Index Closes 1.07% Lower

In Paris,  the CAC 40 Index fell 80 points or 1.04 percent on Friday. Leading the losses are Stellantis NV (-3.59%), Accor (-3.35%) and Teleperformance SE (-2.78%).

The CAC 40 Index Closes 1.04% Lower

The STOXX 50 dropped 1.4% and the STOXX 600 declined 1% on Friday, with both indexes closing nearly one-month lows, as rising geopolitical tensions in the Middle East triggered a broad flight to safety. Israel’s launched a wave of strikes against Iran targeting nuclear infrastructure and military facilities, killing two top Iranian commanders. Israel has warned of further action, while Iran has vowed retaliation and has already deployed drones toward Israeli territory. The auto sector was among the worst performers, namely Stellantis (-3.4%), Ferrari (-2.8%),  Mercedes-Benz (-1.6%), and BMW (-1.9%). On the other hand, oil, gas, and defense stocks outperformed amid heightened security risks and rising energy prices, namely Shell (0.8%), Eni (1%), RWE (1%), Rheinmetall (2.7%), and Thales (0.4%). For the week, the STOXX 50 is down 2.6%, and the STOXX 600 lost 1.7%.

European Stocks End the Week with Sharp Losses

The Ibovespa index lost about 0.4% in early trading on Friday, struggling to hold above 137,000 amid surging risk aversion. Global markets reacted to news that Israel struck Iran’s nuclear and missile facilities, stoking fears of a broader conflict and driving safe-haven flows. Investors abroad await more details on the US-China tariff truce, increasing cautiousness. Domestically, focus remains on the finantial transactions tax, as House Speaker Hugo Motta signaled plans to push for a decree to suspend the government’s rate hike proposal. On the corporate front, oil jumped 10% following escalations in the Middle East, boosting Petrobras shares by 3%, while risk-sensitive stocks like Vale (-1.3%), Magazine Luiza (-4.4%), and Bradesco (-1.6%) dropped. Embraer fell 0.8% after a Boeing plane crash in India killed 290 people.

Ibovespa Falls as War Fears Shake Markets

In New York,  the Dow Jones Index is losing 625 points. Losses were led by Visa (-5.27%), Sherwin-Williams (-4.20%) and Boeing (-3.19%).

The Dow Jones Index Opens 1.45% Lower

US stocks were lower on Friday, with both the S&P 500 and the Nasdaq falling 0.7% and the Dow Jones sinking nearly 500 points, amid a flight to safe-haven assets driven by escalating tensions in the Middle East. Israel launched a preemptive strike on Iran, targeting nuclear facilities and pledging to continue operations until the threat is neutralized. Airline stocks were deep in the red, with American Airlines down 4.8%, Delta Air Lines falling 4.5%, and United Airlines off 5%. Megacap tech stocks were also lower, including Nvidia (-1.4%), Microsoft (-0.2%), Apple (-0.5%), Amazon (-1%), Meta (-0.4%), Alphabet (-1.1%), and Tesla (-0.5%). On the other hand, oil and defense stocks were higher, including Exxon Mobil (+2.5%), Chevron (+1.4%), and Lockheed Martin (+3.5%). Despite Friday’s risk-off tone, major indexes remain on track to post modest weekly gains. The S&P 500 is up nearly 0.7%, the Nasdaq has added 0.7%, and the Dow Jones has gained 0.5%.

US Stocks Fall as Israel Hits Iran

The S&P/TSX Composite Index slipped 0.2% on Friday as investors shifted toward safe-haven assets in response to Israel's extensive strikes on Iran, which pushed gold and crude prices higher. Israel reported targeting nuclear facilities and ballistic missile production sites to prevent Iran from acquiring a nuclear weapon. Iran retaliated by launching more than 100 drones. Crude oil surged 7%, and gold gained 1% amid growing concerns of further conflict. Despite the market jitters, the index was still on pace for a third straight weekly gain, buoyed by optimism over a potential Canada-US trade agreement ahead of the upcoming G7 summit. US Treasury Secretary Scott Bessent said he plans to attend the G7 meeting in Canada with President Donald Trump and meet with Prime Minister Mark Carney.

TSX Slips Amid Geopolitical Tensions, But Weekly Gains Hold

US stock futures were lower on Friday, with contracts tied to the three major indexes down about 1%, though they had pared some earlier losses amid a flight to safe-haven assets driven by escalating tensions in the Middle East. Israel launched a preemptive strike on Iran, targeting nuclear facilities and pledging to continue operations until the threat is neutralized. Airline stocks were deep in the red during premarket trading, with American Airlines down 4.1%, Delta Air Lines falling 4.6%, and United Airlines off 4.9%. Megacap tech stocks were also mostly lower, including Nvidia (-1.4%), Microsoft (-0.7%), Amazon (-1.8%), Meta (-1.4%), Alphabet (-1.6%), and Tesla (-1.0%). On the other hand, oil and defense stocks were higher, including Exxon Mobil (+2.5%), Chevron (+2.6%), Lockheed Martin (+3.2%). Despite Friday’s risk-off tone, major indexes remain on track to post modest weekly gains. The S&P 500 is up nearly 0.7%, the Nasdaq has added 0.7%, and the Dow Jones has gained 0.5%.

US Futures Lower as Israel Hits Iran

The BSE Sensex fell 573 points, or 0.7%, closing at 81,119 on Friday, extending its losing streak to a second consecutive session. Investor risk appetite weakened amid escalating geopolitical tensions after Israel’s overnight strike on Iran and rising international crude oil prices, which threaten to increase India’s import costs. Israel targeted Iran’s nuclear facilities and military commanders, labeling the operation essential to counter what it views as an existential threat. In retaliation, Iran launched hundreds of drones, heightening fears of further escalation. Among Sensex constituents, 10 of 30 stocks closed lower, led by Adani Ports, ITC, State Bank of India, IndusInd Bank, and Hindalco Industries, which fell between 1.4% and 2.7%. Conversely, Bharat Electronics (BEL), ONGC, HAL, Tech Mahindra, and TCS were among the top gainers, advancing 1% to 1.8%.

BSE Sensex Extends Losses Amid Middle East Conflict and Oil Price Surge

In Mumbai,  the SENSEX Index decreased 573 points or 0.70 percent on Friday. Losses were driven by State Bank of India (-1.89%), Indusind Bank (-1.61%) and Power Grid (-1.40%). Biggest rises came from Tech Mahindra (0.78%), Wipro (0.45%) and Ltimindtree Ltd (0.36%).

The SENSEX Index Closes 0.70% Lower

The Hang Seng fell 143 points or 0.6% to close at 23,892 on Friday, extending losses for a second session as Wall Street futures slumped and global markets turned red following Israel’s military strike on Iran earlier in the day. The escalation in Middle East tensions added a fresh layer of uncertainty to already fragile global markets, which remain under pressure from President Trump’s aggressive and unpredictable trade policies. The index moved away from a near 3-month top, as most sectors fell. The tech index slid 1.7%, led by sharp losses in Horizon Robotics (-4.3%), Trip.com (-3.2%), SMIC (-2.3%), and Meituan (-1.8%). Still, the Hang Seng managed to gain 0.4% for the week, marking its second straight weekly gain, supported by signs of improving China-U.S. relations after a more constructive tone in trade talks earlier this week. Meanwhile, Beijing encouraged Hong Kong-listed mainland firms to issue shares in Shenzhen as part of broader reforms to deepen capital market ties.

Hang Seng Extends Losses, Still Ends Week Slightly Higher

The CAC 40 index fell 1% to 7,691 on Friday, marking its third consecutive session of losses and on track for a notable weekly decline, as escalating Middle East tensions weighed heavily on global sentiment. Israel launched a preemptive strike on Iran, targeting nuclear facilities in a major escalation of the regional conflict. In retaliation, Iran launched drone attacks after confirming the deaths of several senior military officials, deepening fears of a broader confrontation in the Middle East. On the domestic economic front, final estimates confirmed that the annual inflation rate edged down to 0.7% in May 2025 from 0.8% in both March and April — marking the lowest level since February 2021. Most stocks on the CAC 40 posted losses, with Accor leading the declines, falling 3.3%, followed by Teleperformance (-2.8%) and Stellantis NV (-2.5%). In contrast, TotalEnergies climbed 2.3%, supported by a surge in oil prices amid the escalating geopolitical tensions.

French Stocks Fall for 3rd Straight Session

Frankfurt's DAX plunged 1.4% to around 23,450 on Friday, hitting a three-week low and heading for its biggest weekly decline since late March, as escalating Middle East tensions rattled global markets. The sell-off was driven by Israel’s wave of airstrikes on Iran, targeting nuclear infrastructure and military assets, reportedly killing two top Iranian commanders. Israel has warned of further action, fueling fears of Iranian retaliation and a broader regional conflict. Adding pressure, concerns over US trade policy resurfaced as President Trump reiterated threats of unilateral tariffs to push foreign governments into new trade deals. Investors also await progress on the US-China trade deal that is yet to be finalized. On the corporate side, losses were broad-based, with Adidas (-2.5%), Deutsche Bank (-2.5%), and Porsche AG (-2.5%) among the biggest decliners.

DAX Hits 3-Week Low

The FTSE MIB fell to around 39,200 on Friday, hitting its lowest level in over three weeks, tracking a global sell-off amid rising Middle East tensions. Israeli airstrikes on Iran marked a significant escalation in regional conflict, with Israel declaring a state of emergency, raising fears of imminent Iranian retaliation. Meanwhile, investors are also monitoring trade developments, with details on the US-China framework still pending, as President Trump plans to set tariff rates for trading partners in the coming weeks. Across the bourse, major stocks posted sharp losses, including UniCredit (-2.6%), Intesa Sanpaolo (-1.6%), Enel (-1%), Ferrari (-2.1%), and Generali (-1.9%). On the upside, energy company Eni rose 1.6%, supported by rising oil prices amid supply disruption fears, while defense group Leonardo gained 1.5%. For the week, the index is poised for its worst performance since late March.

Italian Stocks Fall to 3-Week Low

The FTSE 100 fell by 0.6% to around 8,830 in early trading on Friday, retreating from yesterday's record closing high, as rising tensions in the Middle East triggered a broad-based sell-off across global equity markets. Israel launched widescale strikes against Iran, marking a major escalation in tensions between the two countries and fueled fears of a broader conflict in the region. Meanwhile, investors are closely watching trade developments, with details yet to be determined on US-China framework agreement, while US President Donald Trump said he would be setting tariff rates for trading partners over the next two to three weeks. Losses were widespread, with Barclays (-2.3%), Natwest (-2.2%), and Antofagasta (-2%) among the biggest decliners. For the week, the FTSE 100 has fallen 0.1% so far.

UK Stocks Pull Back Off Record Highs

In London,  the FTSE 100 Index is dropping 55 points. Leading the losses are International Airlines Group (-4.71%), Easyjet Plc (-4.15%) and Informa (-3.29%). Top gainers were BAE Systems (2.98%), BP (2.23%) and Shell (1.66%).

The FTSE 100 Index Opens 0.62% Lower

In Frankfurt,  the DAX Index is losing 311 points. Losses were led by Adidas (-2.53%), Deutsche Bank (-2.52%) and Porsche AG (-2.50%).

The DAX Index Opens 1.31% Lower

Major European bourses were in the red on Friday, with the STOXX 50 dropping 1.4% and the STOXX 600 declining 1%, as rising geopolitical tensions in the Middle East triggered a broad flight to safety. Israel’s launched a wave of strikes against Iran targetting nuclear infrastructure and military facilities, killing two top Iranian commanders. Israel has warned of further action, while Iran has vowed retaliation and has already deployed drones toward Israeli territory. Travel and leisure stocks were among the weakest performers while oil, gas, and defense stocks outperformed amid heightened security risks and rising energy prices. Deutsche Bank (-2.6%), Unicredit (-2.4%), and Adidas (-2.4%) were among the biggest laggards while stocks of Shell, Eni, Repsol, RWE, Rheinmetall, Thales, were up more than 1%. For the week, the STOXX 50 is down 1.3%, and the STOXX 600 has lost 0.7% so far

Stocks in Europe Down Nearly 1%

In Paris,  the CAC 40 Index is falling 97 points. Losses were driven by Accor (-3.89%), Stellantis NV (-2.72%) and Teleperformance SE (-2.33%).

The CAC 40 Index Opens 1.25% Lower

In China,  the Shangai Composite Index fell 26 points or 0.75 percent on Friday. Leading the losses are Guangzhou Automobile (-5.10%), Jiangsu Hengrui (-3.73%) and Greenland Holdings (-2.99%). Top gainers were Avic Shenyang Aircraft (3.13%), Shanghai Petrochemical (1.77%) and Shanghai International Port (1.56%).

The Shangai Composite Index Closes 0.75% Lower

EU50 decreased to a 5-week low of 5243.00 Index Points. Over the past 4 weeks, Euro Area Stock Market Index (EU50) lost 2.97%, and in the last 12 months, it increased 8.34%.

Stocks in Euro Area Hit 5-week Low

The S&P/ASX 200 fell 0.2% to close at 8,547 on Friday, marking its second consecutive session of losses, as escalating geopolitical tensions and persistent tariff risks weighed on market sentiment. Middle East tensions flared after Israel launched a preemptive strike on Iranian nuclear sites, heightening fears of imminent retaliation and a broader regional conflict. Adding to concerns, Trump threatened renewed tariffs, including an expansion of steel duties to cover steel-based appliances. Investors also await details on the US-China trade deal, which is yet to be finalized. At home, attention turns to Australia’s May employment data due next week, which may influence the RBA’s rate outlook. On the corporate front, mining stocks led losses, such as BHP Group (-2.3%), Rio Tinto (-0.9%), and South32 (-3.2%). On the upside, gold miners and energy firms surged following a spike in oil and bullion prices. Over the week, the index managed to advanced 0.4%, its fifth straight weekly gain.

Australian Stocks Down for 2nd Day

In Tokyo,  the Nikkei 225 Index dropped 406 points or 1.06 percent on Friday. Losses were led by Tokyo Electron (-4.98%), Z Holdings (-4.77%) and Sumco (-4.57%).

The Nikkei 225 Index Closes 1.06% Lower

European equity markets were set to open significantly lower on Friday, with futures for the Euro Stoxx 50 down 1.7% and the Stoxx 600 off 1.2% in premarket trade, as escalating Middle East tensions rattled global sentiment. The sharp declines followed Israel’s preemptive strike on Iran, targeting its nuclear facilities in a dramatic escalation of the regional conflict. Iran responded with drone attacks after confirming multiple fatalities among senior military officials, fueling fears of a broader confrontation. Investors will also turn their attention to key economic data, including final inflation readings from Germany, France, and Spain, as well as the Eurozone’s trade balance and industrial production figures. No major corporate earnings are expected in the region today.

European Markets Poised to Open Sharply Lower

New Zealand's benchmark S&P/NZX 50 index fell 0.8% to close at 12,553 on Friday, snapping a three-day winning streak as escalating tensions in the Middle East weighed on investor sentiment. Israel conducted airstrikes targeting Iran’s nuclear sites, raising fears of a broader regional conflict and dampening risk appetite across global markets. Meanwhile, investors monitored trade discussions between the US and China, after both countries agreed to a framework that kept the prospects of a deal on track, but details were yet to be determined. In domestic news, New Zealand’s manufacturing activity slipped back into contraction in May after four straight months of growth, weighed down by weak demand, rising costs, and waning business confidence amid global economic uncertainties. Losses were broad-based, with notable declines seen from Mainfreight (-2.6%), Mercury NZ (-1.1%), a2 Milk (-1.1%), Spark NZ (-1.5%), and Fletcher Building (-2.4%). For the week, the NZX 50 edged down 0.1%.

New Zealand Stocks Fall on Mideast Tensions

The BSE Sensex tumbled 813 points or 1.0% to 80,614 on Friday morning, marking its second straight session of losses and hitting a five-week low as rising Middle East tensions spooked investors following Israeli military strikes on Iran. The Nifty 50 also slipped around 1%, extending its fall. Sentiment was further hit by a slump in U.S. futures after President Trump reignited fears of unilateral tariffs. He also criticized Fed Chair Powell, calling him a “numbskull,” while ramping up pressure for rate cuts. Losses were broad-based, with transport, logistics, and energy minerals leading the drop. Airline stocks sank after an Air India plane crashed in Ahmedabad Thursday, killing near 242 people on board. Interglobe Aviation fell nearly 4%, while SpiceJet dropped 2%. For the week, the Sensex is on track for a 1.7% loss, after gains in the prior period. Notable decliners included Bharat Petroleum (-3.0%), Adani Ports (-2.1%), Reliance Industries (-1.6%), and Bajaj Auto (-1.4%).

Equities in India Under Pressure Amid Middle East Tensions and Trade Fears

SENSEX decreased to a 5-week low of 80428.00 Index Points. Over the past 4 weeks, SENSEX gained 0.67%, and in the last 12 months, it increased 6.35%.

Stocks in India Hit 5-week Low

The Shanghai Composite fell 0.5% to below 3,390 while the Shenzhen Component dropped 1% to 10,130 on Friday, extending losses from the previous session as heightened geopolitical risks weighed on global sentiment. The downturn followed Israel’s preemptive strike on Iran, which targeted Tehran’s nuclear facilities and marked a major escalation in Middle East tensions. Israeli officials pledged to continue operations until the threat is fully neutralized, raising concerns about broader instability.  On the trade front, investors digested news of a preliminary US-China agreement reached in London earlier this week. However, the agreement still requires formal approval from Presidents Donald Trump and Xi Jinping, leaving room for uncertainty. Notable decliners included Kweichow Moutai (-1.8%), BYD Company (-2.3%), East Money (-1.2%), Anhui Jianghuai (-2.3%), and Wuliangye Yibin (-2.4%).

China Stocks Fall on Geopolitical Risks

Hong Kong shares lost 202 points or 0.8% to 23,831 in Friday morning trade, marking the second straight session of losses amid escalating geopolitical tensions in the Middle East. Reports said Israel launched a strike on Iran early Friday, as U.S. efforts to revive a nuclear deal with Tehran remain stalled. Sentiment was further dented by a fresh tariff threat from former President Trump, who suggested raising auto tariffs to spur investment at home, dragging U.S. stock futures lower. The Hang Seng pulled back further from a near three-month high, pressured by concerns over a deepening price war among Chinese automakers. Auto stocks led falls, with Geely Auto down 2.0% and Li Auto falling 1.3%. Other major losers included Prada SpA (-4.5%), Sino Biopharma (-4.4%), and Sunny Optical (-2.5%). Still, the Hang Seng is on track for a second straight weekly gain, up about 0.2% so far, helped by signs of easing Sino-U.S. trade tensions after a trade framework was reached in London this week.

Hong Kong Stocks Fall But Head for Slight Weekly Gains

The KOSPI dropped 1.3% to around 2,880 on Friday, pulling back from a three-year high touched yesterday. The selloff followed profit-taking and investor caution despite optimism over President Lee Jae-myung's reform push, which includes dividend tax cuts, stricter trading rules, and stronger corporate governance. While these measures sparked foreign inflows earlier in the week, concerns over political resistance and powerful conglomerates' pushback to the reforms have tempered the rally. Meanwhile, uncertainty over US-China trade talks weighed on sentiment, as discussions ended with limited progress. On the corporate front, losses were led by tech and auto stocks, including Samsung Electronics (-1.6%), LG Energy Solution (-3.0%), Hyundai Motor (-1.8%), Hanwha Aerospace (-1.2%), and KB Financial Group (-0.7%). Analysts see the retreat as a normal correction after recent highs, with future movement hinging on reform momentum and global signals.

South Korea Shares Slip Amid Reform Resistance, Global Uncertainty

The S&P/ASX 200 fell 0.2% to around 8,545 in early trading Friday, extending losses from the previous session, as investors weighed escalating geopolitical tensions and renewed tariff risks. Rising tensions between Israel and Iran pushed commodity prices higher, after Israel launched a preemptive strike and declared a nationwide state of emergency. However, broader sentiment was capped by renewed trade concerns, after US President Donald Trump said he would soon send formal letters to major trading partners outlining potential unilateral tariffs aimed at securing new trade deals. On the corporate front, Chinese export-reliant miners plunged, such as BHP Group (-1.5%) and Rio Tinto (-1.7%), as trade tensions disrupted the minerals supply chain. On the upside, top performers were gold miners and energy firms, which climbed between 4% and 7% following a spike in oil and bullion prices.

Australian Shares Open Lower

The Nikkei 225 fell 1.4% to below 37,700 on Friday, while the broader Topix Index lost 1.1% to 2,752, as Japanese equities declined for a second consecutive session following a sharp escalation in Middle East tensions. The selloff came after Israel launched a preemptive strike on Iran, with Prime Minister Benjamin Netanyahu stating the attack targeted Iran’s nuclear program. He also acknowledged that Tehran retains the capacity to retaliate, stoking fears of further regional instability. Geopolitical risks were compounded by continued investor unease over US trade policy. President Donald Trump renewed threats to impose unilateral tariffs in an effort to pressure trading partners into new agreements. Heavyweight stocks led the decline, with Tokyo Electron dropping 5.3%, Disco Corp falling 3.5%, Fast Retailing losing 2.1%, Toyota Motor down 2.6%, and Recruit Holdings shedding 3.6%. Both major indexes are on track to end the week in negative territory.

Japanese Stocks Slide Amid Escalating Middle East Tensions

Futures tied to the three major indexes all declined more than 1% on Friday after Israel launched a preemptive strike against Iran in a major escalation of the regional conflict. Israeli Defense Minister Israel Katz declared a special state of emergency, warning that “a missile and drone attack against the State of Israel and its civilian population is expected in the immediate future.” US officials confirmed that the United States had no involvement or role in the operation. Back home, investors turned their attention to the upcoming University of Michigan consumer sentiment report for June, which may offer insight into how households are responding to ongoing trade uncertainty. Earlier this week, softer-than-expected consumer and producer inflation figures reinforced expectations for additional interest rate cuts by the Fed later this year. In corporate news, shares of RH surged 20% in after-hours trading after the luxury furniture retailer posted stronger-than-expected earnings.

US Futures Tumble on Middle East Conflict

US stock futures edged lower on Friday as investors awaited the University of Michigan’s consumer sentiment data for June, which may shed light on how evolving trade policies are affecting household confidence. On Thursday, the Dow and Nasdaq Composite each rose 0.24%, while the S&P 500 gained 0.38%. All three major indexes are on track to finish the week higher. Earlier this week, both consumer and producer inflation came in below expectations, reinforcing market expectations for additional interest rate cuts by the Federal Reserve later this year. Meanwhile, President Donald Trump reignited market concerns by threatening unilateral tariffs to pressure other countries into trade agreements. Meanwhile, Treasury Secretary Bessent suggested that the current 90-day pause on new tariffs might be extended. In corporate news, shares of RH soared 20% in after-hours trading as the company posted stronger-than-expected earnings.

US Futures Dip Ahead of Consumer Sentiment Report

The NZX 50 was almost flat 12,646 in the Friday morning session after gaining in the previous three sessions, as gains in healthcare and process industries were offset by losses in non-energy minerals and industrial services. Still, markets remained on track to log second straight weekly gains, up around 0.7%, so far, supported by easing trade tensions between the U.S. and China, New Zealand's largest trading partner.

New Zealand Stocks Set to Close Week on High Note

The Ibovespa rose 0.5% to close at 137,800 on Thursday, extending gains for the third straight session driven by clearer fiscal policy, softer inflation and improved export prospects. Finance Minister Fernando Haddad’s deal to recalibrate the IOF tax hike eased pressure on banks and retailers, while June’s IPCA slowed to 5.32% year-on-year, cementing expectations that Copom will hold rates at 14.75% and supporting consumer-linked stocks. Abroad, a US–China agreement in London to revive last month’s tariff truce and lift rare-earth curbs boosted demand forecasts for Petrobras (2.5%) and Vale, and lifted Embraer by 3.2% on hopes of stronger global orders. Meanwhile, renewed trade uncertainties and Middle East tensions kept volatility elevated, underpinning gains in commodity and defense names.

Ibovespa Rises for 3rd Consecutive Session

The S&P/TSX Composite Index rose 0.3% to close at 26,616 mark on Thursday, renewing its record high as investors reacted to softer US economic data and rising geopolitical risks. Signs of a cooling US labor market, along with weaker-than-expected CPI and PPI data, increased market expectations of a Federal Reserve rate cut as early as September, with 50 basis points of easing now priced in for 2025. On the geopolitical front, tensions intensified after the US ordered embassy staff from Baghdad following Iranian threats against American bases and President Trump announced forthcoming unilateral tariffs to key partners, driving safe-haven flows into bullion. Gold miners—Agnico Eagle, Wheaton Precious Metals, Barrick Gold and Franco-Nevada—rose over 1% on higher gold prices, while energy names pared early losses amid a modest pullback in oil.

TSX Sets Fresh Record High

US equites closed slightly higher on Thursday, as a rally in Oracle shares and cooling inflation offset lingering trade uncertainties. The S&P 500 rose 0.4% and Nasdaq gained 0.2%, lifted by a 13% surge in Oracle shares following strong quarterly results and an upbeat forecast for cloud growth driven by AI demand. However, Boeing fell 4.7% after a deadly crash involving an Air India Dreamliner, weighing on the Dow, which closed 101 points higher. Economic data showed further signs of easing inflation, with the Producer Price Index rising just 0.1% in May, boosting hopes for a Federal Reserve rate cut later this year. President Trump reiterated his push for a significant rate cut and confirmed plans to send tariff-related letters to US trading partners, while still expressing confidence in a trade framework with China. Among sectors, technology, utilities and health outperformed, while communication services, consumer discretionary and industrials led losses.

Wall Street Gains as Oracle Rallies

Stocks in the US were trading slightly higher on Thursday as encouraging corporate earnings and cooling inflation offset lingering trade uncertainties. The S&P 500 and Nasdaq each rose around 0.2%, lifted by a 13% surge in Oracle shares following strong quarterly results and an upbeat forecast for cloud growth driven by AI demand. However, Boeing fell over 4% after a deadly crash involving an Air India Dreamliner, weighing on the Dow, which edged up 0.1%. Economic data showed further signs of easing inflation, with the Producer Price Index rising just 0.1% in May, boosting hopes for a Federal Reserve rate cut later this year. President Trump reiterated his push for a significant rate cut and confirmed plans to send tariff-related letters to US trading partners, while still expressing confidence in a trade framework with China. Among sectors, technology, utilities and health outperformed, while communication services, consumer discretionary and industrials led losses.

US Stocks Edge Higher on Oracle Rally, Easing Inflation

In Milan,  the FTSE MIB Index decreased 232 points or 0.58 percent on Thursday. Losses were driven by Stellantis N.V. (-3.08%), Ferrari NV (-2.71%) and STMicroelectronics (-2.32%). Biggest rises came from Eni (1.52%), Saipem (1.10%) and Hera (1.07%).

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