Iran War Risks Prying Asia’s Tech, Consumer Shares Further Apart
Civil defense and search and rescue teams continue operations in the area after US and Israeli strikes hit Tehran, on March 23.
Photographer: Fatemeh Bahrami/Anadolu/Getty Images
The Iran conflict may help Asian technology shares further outperform their consumer peers, as concerns rise that the war’s inflationary impact will outweigh its damage on artificial intelligence supply chains.
A gauge of Asian tech shares has gained over 19% this year, while its consumer discretionary counterpart has fallen almost 7%. Both of them have lost more than 9% since the war began.