SINGAPORE: Financial markets were roiled anew after Iran retaliated against the US for killing one of its top military commanders, spurring investors to reassess geopolitical risks for their portfolios.
Key to the longer-term outlook is whether strikes by one side on the other continue, and shifting indications have spurred volatile moves in stocks, currencies, oil, gold and bonds since last Friday. Market participants have taken a variety of approaches, from making short-term bets to taking out hedges to moving to the sidelines.
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