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According to Israeli media N12, sirens sounded in northern Israel and the Sharon region following Irans missile launch.Kuwaiti Army: Fuel storage tanks belonging to Kuwait International Airport were targeted in a drone attack.On March 8th, four sources familiar with the matter told Reuters that Saudi Arabia has informed Iran that while it supports a diplomatic solution to the conflict between Iran and the United States, it may take appropriate measures in response if Iran continues to attack Saudi Arabia and its energy sector. The sources revealed that two days prior, the Saudi Foreign Minister met with the Iranian Foreign Minister and clearly articulated Riyadhs position. The sources indicated that Saudi Arabia is willing to accept any mediation approach aimed at de-escalating the situation and reaching a solution through negotiations. They also emphasized that Riyadh and other Gulf states have never allowed the United States to use their airspace or territory to launch airstrikes against Iran.On March 8th, local time, on the evening of the 7th, Iranian Islamic Revolutionary Guard Corps spokesman Naini stated that in the first week after the outbreak of the conflict, the Iranian armed forces implemented a multi-layered offensive strategy. Statistics show that Iran conducted 600 missile strikes, using various types of solid and liquid-fueled ballistic missiles and cruise missiles. In addition, Iran conducted 2,600 drone operations. During these operations, more than 200 sensitive targets located at US military bases and key Israeli facilities were precisely targeted and destroyed. Naini emphasized that the scale of Iranian firepower projection in the first three days of the conflict was equivalent to the total firepower deployed during the entire "12-Day War." Naini also stated that 17 ships belonging to the United States, Israel, and their allies have been attacked.Local news agencies, citing sources from Irans oil ministry, reported that fuel depots in three regions, including Karaj, west of the capital Tehran, were attacked.

Asian Shares Close Mostly Lower Amid Rising Uncertainties in China

Alice Wang

Oct 19, 2022 16:25

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Contrary to the overnight pattern established by Wall Street, the main stock markets in Asia-Pacific are trading primarily down on Wednesday. A strong dollar and a minor increase in U.S. Treasury rates are weighing on the markets, even if corporate profits in the United States allayed some growth concerns. Investors are nonetheless concerned about the possibility of a worldwide recession.


Anxious Chinese investors in the midst of the upcoming Party Congress and higher-than-expected UK inflation numbers are two more factors driving the selling pressure.


The Nikkei 225 Index of Japan finished the day at 27257.38, up 101.24 or +0.37%. South Korea's KOSPI Index concluded at 2237.44, down 12.51 or -0.56%, while Hong Kong's Hang Seng Index is now trading at 16588.25, down 326.33 or -1.93%.


The benchmark Shanghai Index is now trading at 2237.4, down 12.51 or -0.56%, while the S&P/ASX 200 Index in Australia closed at 6800.10, up 20.90 or +0.31%.

China, Hong Kong Shares Decline Due to Concern Ahead of Party Congress

Even though a number of state-backed and significant asset managers announced moves to calm the market, China equities dipped on Wednesday as investors remained cautious amid concerns surrounding the Communist Party conference, according to Reuters.


In an effort to restore trust in China's stock market, at least 21 major onshore asset managers, including E Fund Management Co., Invesco Great Wall Fund Management, and Bank of Communications Schroder Fund Management, indicated this week they were spending their own money to acquire assets.

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