Asian Stocks Fall After U.S. and Iran Exchange Strikes
Asian equity indexes declined after the United States conducted strikes on Iran and Iran launched retaliatory attacks. Oil prices edged lower while China's producer price index rose at its fastest pace in four years.
The GuardianAsian stock indexes fell after the United States carried out strikes on Iran and Iran responded with attacks on sites in Kuwait, Bahrain and Jordan. Iran said its Wednesday morning strikes targeted the three countries.
Brent crude fell 0.2 percent to $91.28 a barrel.
The increase was the third consecutive monthly rise and the largest since July 2022. Economists at Pantheon Macroeconomics attributed the gain mainly to higher imported energy costs linked to the conflict.
Smith said it plans to raise about £100 million through a share placing after cutting its full-year pre-tax profit forecast to a range of £75 million to £90 million. Executive chair Leo Quinn stated the company needs greater capital discipline and a stronger balance sheet to support its core business.
