Escalating tensions in the Middle East led to a sharp drop of 774 points in the Taiwan stock market, marking the worst record in its history. However, on the other hand, Bitcoin briefly fell below $60,000 and quickly rebounded to surpass $65,000.
Background:
Breaking News! US officials confirm “Israeli missiles” attack Iran, Bitcoin falls below $60,000, and Ethereum drops below $2,900.
The situation in the Middle East is becoming increasingly tense, and the dispute between Israel and Iran may escalate to the level of war. According to foreign media reports, Israel launched missile attacks against three countries, including Iran, in the early hours of the 19th local time.
According to local sources, the attacks occurred simultaneously early this morning in Isfahan in central Iran, as well as As-Suwayda in southern Syria and near the capital Baghdad in Iraq.
A US official also confirmed to ABC News that Israeli missiles hit a location inside Iran, and it is particularly sensitive because Isfahan is the site of Iran’s nuclear facilities. Local media reports indicate that Isfahan’s nuclear facilities are unharmed.
However, prior to Israel’s attack today (19th), Iranian Foreign Minister Hossein Amir-Abdollahian warned yesterday (18th):
It is worth mentioning that according to foreign media reports citing informed sources and US officials, Israel had informed Washington in advance of its airstrikes against Iran, but the US did not support or participate in the operation. At the same time, the US imposed new economic sanctions on Iran in response to last weekend’s attacks by Iran.
Perhaps due to the upcoming US presidential election, the US only advised Israel and imposed economic sanctions on Iran, without further preventing the conflict between Israel and Iran.
Review of the Israel-Iran dispute:
Last weekend (13th), Iran launched a large-scale missile and drone attack against Israel. Israel intercepted 99% of the attacks through its air defense systems, with only a few casualties. Iran stated that this incident was in retaliation for Israel’s attack on the Iranian embassy in Damascus earlier this month.
In response to this incident, the United Nations Security Council held an emergency meeting on the 14th. During the meeting, UN Secretary-General Antonio Guterres warned countries not to retaliate against Iran and emphasized that the Middle East or the world cannot afford more wars. On the same day (14th), Israeli Prime Minister Benjamin Netanyahu initially decided to launch an attack against Iran but canceled the plan after speaking with US President Biden.
Taiwan stock market closes sharply down by 774 points, reaching the worst record in history, while Bitcoin makes a V-shaped reversal and surges above $65,000.
Affected by the Israeli attack, hawkish statements from the US Federal Reserve, and TSMC’s downward revision of the global outlook for the semiconductor industry in its earnings conference yesterday (18th), the Taiwan stock market plummeted over a thousand points during the day and closed down by 774 points, marking the largest drop in the history of the Taiwan stock market. At the same time, the price of gold once again surpassed $2,400 per ounce, temporarily reporting $2,386.79 before the deadline.
Bitcoin also briefly fell below $60,000 in the morning but then surged continuously, temporarily reporting $64,814 before the deadline.
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