Beijing Central Business District, mix of offices and apartments
Ispyfriend | E+ | Getty Images
Asia-Pacific markets were set to open subdued Monday, as the escalating Israel-Iran tensions weigh down investors’ sentiment.
Oil prices jumped as Israel and Iran exchanged strikes, while gold prices rallied, as investors sought refuge in the safe haven metal with equity markets sliding globally. The attacks continued over the weekend.
Futures for Japan’s benchmark Nikkei 225 in Chicago were at at 38,170, while their counterpart in Osaka last traded at 38,070, against the index’s Friday close of 37,834.25.
Futures for Hong Kong’s Hang Seng index stood at 23,739, pointing to a weaker open compared to the HSI’s last close of 23,892.56.
Australia’s S&P/ASX 200 is set to open marginally higher, with futures tied to the benchmark at 8,566 compared to its last close of 8,547.
— CNBC’s Pia Singh and Darla Mercado contributed to this report.
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