Regional indices exhibit varied performance amid Middle East conflict

• Asian market showed mixed performance in the midst of the Israeli-Palestinian conflict.
• Australia’s S&P/ASX 200 extends gains due to the surging energy and gold equities.
• Hong Kong’s stock market has canceled trading following the elevation of the typhoon warning.

Asian markets exhibit a mixed sentiment with a negative bias as the market is cautious of the war between Israel and Hamas that erupted over the weekend is likely to weigh on the market.

At the time of writing, China’s SSE Composite Index is down by 0.64% to 3,090, Shenzhen Component Index has declined to 10,034, up by 0.74% and Taiwan’s Weighted Index has improved by 0.41%.

Australia’s S&P/ASX 200 rose by 0.23% on the back of surging energy and gold equities due to the conflict between Hamas and Israel. The ongoing military conflict in the Middle East between Hamas and Israel is being closely watched by the markets.

The worry is that the conflict could intensify and extend to other parts of the region, introducing geopolitical uncertainties that might have repercussions on global markets.

Following a week-long Golden Week holiday, Chinese markets are returning to activity. Investors are expected to closely monitor upcoming inflation readings and trade data releases from both China and India later this week.

Additionally, attention will be focused on the monetary policy decision from Singapore’s central bank.

The Hong Kong stock market has suspended trading for the morning session following the elevation of the typhoon warning to Signal 8 for Typhoon Koinu.

This precautionary measure is in line with ensuring the safety of market participants and responding to potential risks associated with adverse weather conditions.

Despite the suspension of trading in the stock market, Hang Seng index futures have shown resilience. Moreover, Japan and South Korea’s markets are closed for a holiday.