Iran Conflict Triggers Asian Market Selloff; Analysts Warn of U.S. Spillover

Major equity markets across Asia, including South Korea, Japan, and Taiwan, experienced significant selloffs as geopolitical tensions involving Iran intensified. The escalation has fueled investor anxiety over potential disruptions to global supply chains and a sharp rise in energy costs. Analysts are warning that the volatility observed in Asian manufacturing hubs could soon spill over into U.S. markets, impacting broad indices like the SPY. The heightened risk-off sentiment is particularly affecting energy-sensitive sectors and international trade-dependent economies. While equities face downward pressure, crude oil CL1! and energy-related ETFs XLE are seeing increased volatility due to supply shock fears. Market participants are closely monitoring the situation as safe-haven assets like gold GC1! remain in focus amid the growing uncertainty.