Commodities
Middle East Conflict Fuels Oil Price Hike and Market Volatility
Oil prices have increased in recent days amidst ongoing violence in the Middle East. The conflict between Iran and other parties has been ongoing for over a month, causing uncertainty about its future.
The violence has had a direct impact on oil prices, which have climbed further as a result. Asian shares were mixed, with some sectors experiencing losses.
Shein, an online fast-fashion retailer that began trading in Hong Kong on Tuesday, saw its shares fall by up to 10% by midday. The company's stock was down 5% at that time.