(Bloomberg) — Shares in Asia slipped to a six week-low as traders grappled with tensions in the Middle East, disappointing bank earnings and the prospect of the Federal Reserve keeping interest rates higher for longer.
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A gauge for the region’s equities fell, tracking Friday’s drop in US stocks. Benchmarks in Hong Kong, Japan and South Korea all declined while shares in mainland China rose, led by the energy sector. Futures for US equities edged higher in Asian trading after the S&P 500 suffered its worst session since January on Friday amid a flight to safety.
But global markets showed signs of stability even after unprecedented attack on Israel at the weekend. Iran said “the matter can be deemed concluded,” and President Joe Biden reportedly told Israeli Prime Minister Benjamin Netanyahu that the US won’t support an Israeli counterattack against…
