economy
US stock futures mixed as Mideast tensions rise; South Korea's Kospi plunges 7%: Live updates
Investors will also be focused on inflation data and the public debut of SpaceX on Friday.
TL;DR
- Dow futures declined as Iran reportedly launched missiles at Israel, escalating Middle East tensions and impacting global markets.
- Asian markets, including South Korea's Kospi, Hong Kong's Hang Seng, China's CSI 300, and Japan's Nikkei 225, experienced significant drops.
- Last week saw sharp declines in major US indices, including the Nasdaq, S&P 500, and Dow, partly attributed to a strong jobs report and inflation worries.
- Foreign investors have been selling South Korean stocks, impacting the Kospi's performance despite its overall strong showing.
- Upcoming economic events include the release of May Consumer Price Index and Producer Price Index reports, and the highly anticipated SpaceX IPO.
- Oil prices rose amid heightened Middle East tensions as Iran and Israel traded strikes.