Asia markets in red as Middle East tensions mount after Iran attack on Israel

News Snapshot:

Investors watched for developments in the Middle East following Iran’s retaliatory strikes on Israel over the weekend that markets fear could prompt a response from the Israel government. Iran launched a large-scale drone and missile attack on military targets in Israel over the weekend, but Israel shot down nearly all the incoming munitions and the US said it wants to avoid a wider war. Japan (NKY:IND) -0.90%. Japanese machinery orders beat expectations for February, a good sign for capex ahead. China (SHCOMP) +1.22%. People’s Bank of China kept its one-year medium-term lending facility rate at 2.5% during its April fixing,...