One Month of Iran War Wipes Trillions from Global Markets
ISTANBUL:
Global stock markets have lost trillions of dollars since the start of the U.S. and Israeli military campaign against Iran, as investors withdrew from risk assets amid a historic energy crisis.
Market Impact
The conflict began on Feb. 28 and escalated as Iran targeted Gulf energy facilities. These attacks triggered uncertainty in global markets, causing inflation worries and sharp swings in commodities. Oil prices surged about 45%, while gold fell roughly 15%.
The Bloomberg World Exchange Market Capitalization Index, covering multiple international markets, dropped from $157.5 trillion to $146 trillion in just one month, a loss of $11.5 trillion. The S&P 500 alone declined over $5 trillion in March. Major stock indexes fell around 10% during the month.
Regional Stock Performance
U.S. Markets:
- Dow Jones: down 7.77% to 45,167.44
- S&P 500: down 7.4% to 6,368.85
- Nasdaq Composite: down 7.6% to 20,948.36
European Markets:
- Stoxx Europe 600: down 9.2% to 575.30
- FTSE 100: down 8.6% to 9,967.35
- DAX: down 11.8% to 22,300.75
- CAC 40: down 10.2% to 7,701.95
- FTSE MIB 30: down 8.1% to 43,379.10
- IBEX 35: down 8.5% to 16,802.50
Asian Markets:
- Asia Dow: down 10.2% to 5,336.12
- Nikkei 225: down 9.3% to 53,373.07
- Hang Seng: down 6.3% to 24,951.88
- Shanghai SE: down 6% to 3,913.72
- Sensex: down 9.5%
- Kospi: down 12.9%
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