12% climbing on oil price influenced quotations on the continent; Commodity reached the highest value in 6 months
The Asian scholarships opened falling on Friday (13.jun.2025). The impact was felt after the Israeli attack on Iran, one of the countries with the highest influence on the price of the main global commodity: oil.
In Shanghai, China, the Shanghai Composite index opened with a drop of 0.72%. FTSE China A50 – Index that brings together the 50 largest companies listed in Shanghai and Shenzhen – started the day with a 12.68%retreat. The data is from.
South Korean Kospi was impacted by 1% at the market opening, while the Hang Seng Kong Index retreated 0.69%.
Japan’s Nikkei was the most affected, with a devaluation of 1.20%. Sensex from India retreated 1.08%.
Read the summary:
- Shanghai Composite – 0,72%
- China A50 – 0,68%
- Kospi – 1%
- Hang Seng – 0,69%
- Nikkei – 1,20%
- Sensex – 1,08%
The Israeli attack made the price of oil fires 12% and approach for the first time since January of $ 80.
Tehran directly influences the price of oil, as Iran is one of the main producers of commodity. Iranians are among the 7 largest oil producers in the world.
All types of geopolitical tension in the Persian country also has a direct impact on the market. The country controls the Strait of Ormuz, where about 25% of all global oil production passes.
Read more about the attacks:
