Global Markets | European shares on track to snap eight-month winning streak as Mideast conflict weighs
Why it matters: The **European benchmark index** is on track for its sharpest monthly decline since 2020, impacting investor portfolios.
- European stocks are set for their sharpest monthly decline since 2020, snapping an eight-month winning streak.
- South Korea has been hit by its steepest stocks selloff since 2008, with its currency also tumbling.
- Japan's Nikkei concluded its worst month since 2008, largely due to the Mideast crisis.
- Supply-chain disruptions are contributing to the global market downturn, alongside geopolitical tensions.
European shares are poised to end an eight-month winning streak with their sharpest monthly decline since 2020, despite a slight uptick on Tuesday driven by hopes of Middle East de-escalation. This regional downturn is mirrored globally, with South Korea experiencing its steepest stock selloff since 2008 and Japan's Nikkei recording its worst month since 2008, all exacerbated by the ongoing Mideast conflict and supply-chain disruptions.
