Israel-related stocks fall globally as war escalates

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Key Points

Saturday's assault has sparked fresh concern about geopolitical risks at a time when global financial markets already were grappling with the impact of higher interest rates and the slowdown in China's economy..

Oil prices surged while US stock-indexes dropped.Stock performance in the sector was mixed..

The surprise attack on Israel by Hamas weighed on shares of global companies with local connections, including chipmakers and software providers, as investors fretted that the conflict could escalate...

Oil prices surged while US stock-indexes dropped.. "Nerves are showing signs of being frayed again just as investors had started to breathe a sigh of relief that the US might be heading for a softer landing,"said Susannah Streeter, head of money and markets at Hargreaves Lansdown..

Datadog and other cybersecurity stocks will also be in focus due to the likely impact on Check Point Software Technologies, which is based in Tel Aviv..

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