Stocks Drop, Safe-Haven Yen Strengthens After Reports of Explosions in Parts of Iran
Provided by
Dow Jones
By Kosaku Narioka
Stock markets in Asia fell while safe-haven currencies such as the yen and the Swiss franc strengthened sharply following an ABC News report that Israel launched missiles against Iran.
The Nikkei Stock Average was recently 3.0% lower at 36928.67. The dollar fell to as low as 153.97 yen from the day's high of Y154.67. The euro dropped to as low as 0.9618 franc from CHF0.9722.
Singapore's stock benchmark FTSE Straits Times Index reversed earlier gain and was recently down 0.4% at 3174.00.
Write to Kosaku Narioka at kosaku.narioka@wsj.com
(END) Dow Jones Newswires
April 18, 2024 22:24 ET (02:24 GMT)
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