Asian stocks fall as concerns rise over potential wider Middle East war

A person stands in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm Oct. 23, 2023, in Tokyo. (AP Photo/Eugene Hoshiko)
A person stands in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm Oct. 23, 2023, in Tokyo. (AP Photo/Eugene Hoshiko)

Asian shares are lower as higher risks of broader conflict in the Middle East cloud market sentiment and bond yields further pressured stocks.

US futures rose while oil prices fell back.

A barrel of benchmark US oil fell 80 cents to $87.30. It has been bouncing around since the latest Hamas-Israel war began, after leaping from $70 to more than $93 during the summer. It slipped 62 cents to settle at $88.75 on Friday. Brent crude, the international standard, slipped 64 cents to $91.52 per barrel.

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