Japan and South Korea return to trade for the first day after the Hamas attack.
Asia-Pacific markets climbed across the board, as markets rally despite pressures from the attack on Israel by Palestinian militant group Hamas.jumped over 2%, leading gains in the region as the country comes back from a public holiday, with the Topix also gaining 1.9%.Hong Kong experienced a shortened trading day of just two hours Monday after the city canceled its morning session due to a typhoon warning.Overnight in the U.S.
Goldman Sachs is bullish on Japan right now and says one sector in particular is seeing a"high level of interest" following rallies of around 30%.The conflict between Israel and Hamas may not have a direct impact on oil supply, but it's likely to drive up oil prices in the short term just based on fears of a wider escalation, according to analysts.All sectors ended Monday in the green, led by gains in energy and industrials, which closed higher by 3.5%, and 1.6%, respectively.
Although the bond market is closed for Columbus Day, 10-year Treasury futures added about 0.67%, the five-year gained 0.50% and the two-year by 0.20%.Defense stocks surged Monday as the Israel-Hamas conflict sparked concerns of geopolitical instability, making them the broad market index's biggest gainers as of Monday afternoon.
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Asia markets poised for rise as markets shake off pressures from Hamas attackJapan and South Korea return to trade for the first day after the Hamas attack.
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Stock market today: Markets steady in Asia after Israel declares war following Hamas attack in GazaShare prices have opened little changed after the the Israeli government declared war following deadly attacks by Hamas from the Gaza Strip. U.S. futures were lower and oil prices gained more than $3 a barrel. Tokyo and several other Asian markets were closed for holidays on Monday. Shanghai reopened after a weeklong holiday, falling about 0.7%. On Friday, Wall Street rallied after investors studied the nuances of a surprisingly strong report on U.S. employment. The S&P 500 rose 1.2%, the Dow ju
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