Asian Stocks Fall in Wake of Iran Attack on Israel: Markets Wrap

(Bloomberg) — Shares in Asia slipped Monday, tracking a fall in US equities, as markets grappled with ratcheting tensions after Iran's unprecedented attack on Israel at the weekend. Equity benchmarks in Japan, South Korea and Australia all declined while Hong Kong stock futures also fell. Contracts for US shares edged higher in Asia after the S&P 500 suffered its worst session since January on Friday amid a flight to safety. With investors already rattled by sticky inflation and the prospect of higher-for-longer interest rates, the escalation of the Middle East crisis risks injecting fresh volatility into markets. As the conflict…