Middle East
Middle East Turmoil, US Diplomatic Moves Shake Global Markets
Seetao 2026-07-29 11:25
  • The escalating geopolitical situation in the Middle East is driving global asset pricing trends
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The sudden military movements in the Middle East, coupled with consecutive meetings between the United States and leaders of Israel and Ukraine, have resonated and stirred up global financial markets. Crude oil prices have risen rapidly, with clear differentiation in the US stock market. The storage and optical communication sectors have experienced significant pullbacks, and Chinese concept stocks have emerged from independent trends.

Regional situation dynamics

The US Central Command reported that the Islamic Revolutionary Guard Corps of Iran launched multiple ballistic missiles in an attempt to attack US forces in the Middle East, and all related missiles were intercepted. The US military remains on high alert. After the news came out, international oil prices rose, with US oil prices increasing by over 4% and quoted at $82.58. On the same day, Trump met with Netanyahu and Zelensky respectively, exchanging views on topics such as the Iranian nuclear issue and Ukrainian air defense cooperation.

Global market volatility

The closing trend of the US stock market was divided, with the Dow Jones Industrial Average rising 1.03%, the S&P 500 slightly rising, and the Nasdaq slightly falling. The storage and optical communication sectors have significantly weakened, and the stock prices of several industry leaders have plummeted. The Nasdaq Golden Dragon China Index rose 1.08%, with popular Chinese concept stocks such as Ideal, Yaduo, and NetEase experiencing gains.Editor/Min Jing

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