Asian stocks are set to decline on Monday as traders grapple with ratcheting tensions in the Middle East after Iran’s unprecedented attack on Israel at the weekend.
Equity futures in Australia, China and Japan point to early losses after US stocks suffered their worst session since January on Friday amid a flight to safety in anticipation of Iran’s strike. The Japanese yen and Swiss franc, traditionally seen as so-called safe haven currencies, edged higher in early trading Monday. Oil opened steady in Asia while gold rose 0.7%.
