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Global Markets Reel as Geopolitical Tensions Spark Flight to Safety

Global Markets Reel as Geopolitical Tensions Spark Flight to Safety

Author:

Global Cryptocurrency

Published:

2026-03-09 08:03:02

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BTCCSquare news:

Asian equities plunged for a second consecutive week, with South Korea’s Kospi plummeting over 8% and triggering circuit breakers. The selloff reflects mounting investor anxiety as Middle East conflicts escalate.

Commodity markets whipsawed—Brent and WTI crude surged to $116/barrel, marking their sharpest single-day gain since 1988. Meanwhile, precious metals (gold, silver, platinum, palladium) retreated as capital fled to cash positions. The US dollar strengthened across the board, a classic haven move during market turmoil.

By:

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