Despite a rebound Thursday, the MSCI Asia Pacific Index has tumbled about 6% this week, compared with a 0.1% slide in the S&P 500. The swing indicates a reversal of a rotation by global funds into Asia and a renewed shift toward the US as a haven, a move also supported by a stronger dollar. The Iran war has impacted Asian stocks disproportionately, partly because of the region’s outsize reliance on fuel shipments through the Strait of Hormuz.Read More
Iran War Punctures Favored Strategy of ‘Sell America, Buy Asia’
By Winnie Hsu
