Asian Markets Rise Amid Middle East Tensions

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Asian Markets Rise Amid Middle East Tensions
Photo: Eugene Hoshiko/AP/TT

Despite a weekend marked by robot attacks between Israel and Iran, the Asian stock exchanges are starting the week on the green. New retail sales figures from China made the country's stock exchanges rise slightly.

The geopolitical tensions in the Middle East, above all characterized by the conflict between Israel and Iran, led to widespread stock market downturns during the last trading days of the previous week in Asia.

During Monday's trading, however, several indexes have recovered.

The Japanese Nikkei 225 had risen by 1.0 percent just before lunch – Topix was at the same time at a plus of 0.6 percent. The South Korean Kospi index is also up by 0.6 percent.

On Monday, China released new figures on retail sales in May, which coincided with a cautious upward jump on the country's stock exchanges. Compared to May last year, retail sales increased by 6.4 percent, which was more than the analysts' expectations, reports CNBC.

The Shenzhen composite index has climbed by about 0.3 percent during the day, while Shanghai's and Hang Seng's have fluctuated around zero.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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