Posted 12/4/2023, 12:56:00 AM
Attack on US Warship in Red Sea Raises Tensions, Stoking Regional Conflict Fears That Could End Market Rally
- Attack on US warship and vessels in Red Sea risks widening Israel-Hamas war and complicating recent stock market rally
- Developments could stoke fears of broader regional conflict involving US and Iran
- Asia markets fell slightly in early Monday trading on geopolitical concerns
- Conflict escalation could lead some investors to take profits from the recent rally
- Rising oil prices and demand for safe havens like gold also possible with heightened tensions