Asian Equities Lower Over Ongoing Unrest

Asian equity markets started the week mostly lower on Monday due to ongoing worries over geopolitical unrest.  In Gaza, fighting subsided on Sunday after Hamas Islamist militants said they backed a 24-hour humanitarian truce in light of the Muslim holiday Eid al-Fitr. More than 1,000 Palestinians have been killed in the 20-day conflict.

Europe implemented new sanctions against Russia, including adding more names of Russian individuals to target and blocking Russian banks from accessing capital markets. The move comes as renewed fighting in eastern Ukraine prevents investigators from visiting the MH17 crash site.

“Putting the ugliness of the current conflicts to one side, what has been building is strategists and analysts alike are now screaming out about overvaluation in the equity and bond markets and a pullback is not only due, but needed,” said Evan Lucas, market strategist at IG in a note.


Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at Visit to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.