Some Chinese-funded enterprises with local projects or businesses responded quickly, and institutions began to pay attention to the possible impact of the follow-up on A-share related sectors. As a party to the conflict, the Israeli stock market is the protagonist of panic selling funds. On June 8th, Beijing time 10, the TA35 index of Tel Aviv, Israel, plunged nearly 8% in intraday trading.
On the same day, Egypt's stock market benchmark index EGX30 fell by 2%, Saudi Arabia's benchmark stock index TadawulAllShare fell by 1.3%, and other countries' stock markets also weakened to varying degrees. Compared with the sharp correction of the stock market, the prices of crude oil and gold have increased significantly. International oil prices soared in early trading on Monday, and WTI crude oil once rose by more than 5%.
There is great uncertainty.
As of 9th 15, WTI crude oil futures rose more than 3.6%, and Brent crude oil futures rose more than 3.3%. At the same time, the safe-haven asset gold price rebounded continuously, and the spot gold opened higher and higher on Monday. Some analysts pointed out that in the case of the Palestinian-Israeli conflict supporting the rise of gold, there is still the expectation that the Fed will further tighten its policy, so it is necessary to be alert to the risk of the gold price falling back after the market sentiment eases.
In addition, the escalation of the Palestinian-Israeli conflict has also had a certain impact on the currency exchange rates of relevant countries. According to Xinhua News Agency, the Bank of Israel, the central bank of Israel, said on the 9th that it would sell its foreign exchange reserves in the open market to maintain the stability of the new shekel exchange rate. With the fermentation of related influences, the situation of Chinese-funded enterprises with business in Palestine and Israel has also attracted much attention.
In this special period, the dawn of the oil crisis is definitely good news.
Text/Autobots Scroll
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