Global stock markets painted a mixed picture during the rally. Chinese shares moved lower, while US stock futures pointed to a stronger open. The Hang Seng and Shanghai Composite each fell by more than 0.70%. Japan’s Nikkei 225 also slipped by over 0.40%.
In contrast, turned positive. The Dow Jones, Nasdaq 100, and S&P 500 futures each gained more than 0.40%. That split in market direction came as geopolitical risks rose. Over the last three weeks, tension around Iran pushed investors to reassess where to place capital.
Oil prices also added to the pressure. Brent and West Texas Intermediate crude climbed above $95, while Iran aimed to push prices toward $200 in the coming weeks. As a result, some investors appeared to shift toward Bitcoin. The market reaction suggested that part of the demand came from those viewing it as a possible safe haven.
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