Military-related shares in Japan, South Korea and China surged on Wednesday — some by more than 20% — after Iran attacked multiple bases housing American troops in Iraq.
, shares of its military-related companies rose by the daily maximum limit of 10%. They included Anhui Great Wall Military Industry, Linzhou Heavy Machinery Group, Tianjin Motor Dies and Aerospace CH UAV.had launched more than a dozen ballistic missiles against two Iraqi military bases at Al-Assad and Irbil that host American troops, according to Pentagon officials on Tuesday.
Iranian Foreign Minister Mohammad Javad Zarif tweeted after the attack that "we do not seek escalation or war, but will defend ourselves against any aggression.", last week which sent tensions between U.S. and Iran soaring.
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