Markets return to risk-off: Asia leads declines and oil rises on geopolitical tension
The morning brings a return to risk-off mode despite a solid prior session on Wall Street (S&P 500 +0.58%, Nasdaq +1.05%). Selling is concentrated in Asia: the CSI 300 falls 3.16% and is down 20% from its June highs, while the Nikkei 225 loses 2.76%. In the US, the Nasdaq 100 drops 1.63% and the S&P 500 0.86%; Europe is also in the red. Brent rises 1.66% to near $107.5 and bitcoin falls 2.66%. Today's highlights include results from Procter & Gamble, Western Digital and Lockheed Martin.
In 40 seconds
- The CSI 300 falls 3.16% and is down 20% from its June highs, with ten consecutive weekly declines
- The Nasdaq 100 drops 1.63%, more than the S&P 500 (-0.86%), and the EuroStoxx 50 loses 1.08%
- Brent rises 1.66% to near $107.5 on the geopolitical premium and WTI gains 1.70% to around $99.4
IASummary generated by artificial intelligence from a story by XTB.com. It may contain errors: the original source prevails.




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