Stocks, gold and oil whipsawed as Iran strikes spark fears of wider Mideast war


A picture of Iranian Major-General Qassem Soleimani, head of the elite Quds Force, who was killed in an air strike at Baghdad airport, is seen on the former U.S. Embassy's building in Tehran, Iran January 7, 2020. Nazanin Tabatabaee/WANA (West Asia News Agency) via REUTERS

SHANGHAI: Financial markets were roiled on Wednesday after Iran fired missiles at U.S. forces in Iraq, sending Asian stocks and U.S. Treasury yields sliding and jolting oil prices higher as investors feared a wider conflict in the Middle East.

Iran's missile attacks on the Ain Al-Asad air base and another in Erbil, Iraq, early in the day came hours after the funeral of an Iranian commander whose killing in a U.S. drone strike has intensified tensions in the region.

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