Markets Cautious as Attacks on Lebanon Put U.S.-Iran Ceasefire Under Strain
Asian stock markets rose modestly on Friday but momentum was limited as investors questioned whether the recent U.S.-Iran ceasefire will hold, citing Iran’s objections to Israeli strikes in Lebanon. Key indexes in the region gained, oil prices climbed, and flows through the Strait of Hormuz remained severely reduced. U.S. economic data and market r…