Japan's Nikkei plunged over 4% amid a global rout in chipmakers and heightened Middle East tensions, pushing investors away from risk assets. This followed overnight losses in US tech stocks and strong US economic data. Hawkish remarks from Federal Reserve officials reinforced expectations for further US rate hikes, while US President Trump threatened broader strikes on Iran. These factors could support safe-haven gold and the US dollar, potentially impacting local gold and currency rates in Pakistan.
بحوالہ / Source: www.brecorder.com