SHANGHAI (Reuters) – Asian shares slipped on Friday, erasing early gains, while gold shone and oil prices spiked after U.S. air strikes in Iraq killed a top Iranian commander, heightening geopolitical tensions.
Iranian Major-General Qassem Soleimani, head of the elite Quds Force and top Iraqi militia commander Abu Mahdi al-Muhandis were killed early on Friday in a U.S. air strike on their convoy at Baghdad airport, prompting Iran’s Supreme Leader Ayatollah Ali Khamenei to vow harsh revenge.
MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS had touched its highest point since June 15, 2018 in early trade, but fell after reports of the air strike emerged. It was last down 0.16%.
European shares were set to follow their Asian counterparts lower. Pan-region Euro Stoxx 50 futures STXEc1 shed 0.66% to 3,757, German DAX futures FDXc1 were down 0.6% to 13,303.5 and FTSE futures FFIc1 gave up 0.42% to 7,514.
China’s CSI300 index, one of the world’s…
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