Tokyo Tower stands among buildings at dusk in Tokyo, Japan.
Bloomberg | Bloomberg | getty images
Asia-Pacific markets were set to fall on Monday as the Middle East war entered its fifth week.
Yemen’s Houthi movement said on Saturday it had fired missiles at Israel, its first direct involvement in the US and Israel-led war against Iran.
In a post on Twitter, Houthi spokesman Yahya Sari said the group launched a barrage of ballistic missiles at sensitive Israeli military sites in Lebanon, in support of Iran and allied Hezbollah forces.
The attack marks a further escalation in the conflict that began with US and Israeli air strikes on Iranian targets on February 28.
Oil prices were higher in early trading hours in Asia. West Texas Intermediate crude futures were up 2.58% at $102.19 a barrel.
Australian S&P/ASX 200 Slipped 0.94% in early trade.
from japan Nikkei 225 Heading for a decline, the futures contract in Chicago was at 50,630 and the Osaka contract was at 51,250, while the previous close of the index was 53,373.07.
from hong kong Hang Seng Index The futures were at 24,630, lower than the benchmark’s last close of 24,951.88.
In the US, futures are linked to Dow Jones Industrial Average Fell 253 points or 0.6%. S&P 500 futures And nasdaq 100 futures Each suffered a loss of 0.5%.
Last Friday, the Dow Jones Industrial Average fell and fell into correction territory. The 30-stock Dow fell 793.47 points, or 1.73%, to 45,166.64. The S&P 500 lost 1.67% and ended the session at a seven-month low of 6,368.85. The Nasdaq Composite fell 2.15% to 20,948.36.
The broader market index recorded its fifth consecutive weekly decline, falling 2.1% over the period. The tech-heavy Nasdaq has slipped 3.2% so far this week, while the blue-chip Dow has retreated 0.9% for the week.
— CNBC’s Sean Conlon and Lisa Kailai Hahn contributed to this report.
