Energy and defense stocks jumped while airlines slid across Asia, as global equities opened the week in risk-off mode following US and Israeli strikes on Iran.
Investors are grappling with the risk that the conflict in the Middle East could disrupt global energy supplies and stoke inflation. The reaction was most pronounced in oil, with Brent crude surging as much as 13% before paring gains. Asian equities trimmed earlier losses after Iran’s security chief made a fresh push to resume nuclear talks with Washington, the Wall Street Journal reportedBloomberg Terminal.
