Asian Stock Markets Down Due to Rising Oil Prices

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The day started with a big drop in Asian stock markets, followed by a drop in Europe, and in the afternoon trading in America started with similar movements. Although the Hungarian stock market is outperforming both regionally and internationally, in general there is no real place to escape now, as precious metals are also falling. Meanwhile, oil prices and European gas prices continue to soar after missiles hit Qatar's key LNG export facility a…

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Asian stock markets fell sharply on Thursday following attacks by Iran on key gas installations in Qatar. As a result, oil prices rose sharply again. Investors fear that an escalating war in the Middle East will further increase inflationary pressure. Sentiment in Asia was also dampened by heavy losses on Wall Street on Wednesday.