World Business NewsAsian stocks slide, oil rises as Iran and US launch strikes
MSCI Asia-Pacific index drops 3%, South Korea’s KOSPI tumbles nearly 7% as technology stocks remain under pressure; European futures signal cautious trading

World Business NewsMSCI Asia-Pacific index drops 3%, South Korea’s KOSPI tumbles nearly 7% as technology stocks remain under pressure; European futures signal cautious trading

Dow edges higher as investors monitor Iran conflict, Federal Reserve outlook and SpaceX's record IPO
World Business NewsSpot gold rises 0.1% to $4,333.91, US futures slip 0.1% to $4,358.80; silver falls to $67.85, platinum to $1,752.45, palladium gains 1% to $1,216.42
World Business NewsCryptocurrency’s decline coincides with stronger investor interest in AI stocks and anticipated listings, including SpaceX
World Business NewsEuro and sterling slip 0.05% to $1.1528 and $1.3335; Australian dollar falls to $0.7039, yen weakens past 160, dollar index holds near two-month high at 100.03
World Business NewsOPEC+ raises targets by 188,000 bpd from July; Most members cannot meet targets due to Hormuz closure
World Business NewsSpot gold falls 0.6% to $4,445.51, US futures drop 0.7% to $4,471.70, silver slides 2% to $72.36, platinum 1% to $1,880.40, palladium 1.7% to $1,298.49; all metals head for weekly losses
World Business NewsTraders cut prices to attract Chinese buyers amid weak demand, threatening oil revenues for Russia and Iran as US blockade restricts Iranian exports
World Business NewsOPEC secretary general says oil demand to remain robust, no change to estimates
World Business NewsIndian currency declines 5% this year after recording a similar fall in 2025; RBI cites deteriorating global outlook, rising inflation risks as policy committee waits for greater clarity and monitors broader price pressures
World Business NewsMSCI Asia-Pacific index falls 1.6%, S&P 500 futures slip 0.4%, Korean shares drop as much as 2.6%, Nikkei loses 1.4%, while bitcoin falls to $64,118.15 and ether rises to $1,787
World Business NewsSpot gold rises 0.7% to $4,464.69, U.S. gold futures gain 0.6% to $4,491.70, while silver climbs to $73.44, platinum to $1,878.50, palladium to $1,309.68