Sina US stock news on the 5th. The Kuwaiti and Saudi stock markets led the decline in the Gulf stock market, falling sharply at the end of Sunday. Earlier, the US launched a drone attack in Baghdad, which led to the death of an Iranian military commander.

The stock price of oil giant Saudi Aramco (Saudi Aramco) fell 1.7% to 34.55 riyal/share, the lowest level since the IPO record.

On the 3rd, the US military attacked Baghdad International Airport in Iraq, killing Major General Suleimani of the Islamic Revolutionary Guard Corps of Iran. Iran made a tough statement saying it wanted to retaliate. The US warned Iran not to act rashly, and the tension between the US and Iran escalated rapidly.

Affected by the worsening situation in the US and Iran, stock indexes in the Gulf region have plummeted one after another. Among them, the Kuwait Index fell nearly 4.1%. This index was the best performer in the Gulf region last year. The Saudi stock market fell 2.2%. The Dubai stock market fell 3.1%, and real estate giant Emaar Properties (Emaar Properties) fell 3.7%. The Abu Dhabi stock index fell 1.41%.

“The war between the US and Iran could reduce global GDP by 0.5 percentage points or more. This is mainly due to the collapse of Iran's economy, but also affected by rising oil prices,” Capital Economics's emerging market economist Jason Tuvey (Jason Tuvey) said in a report.

Furthermore, a bond banker said that due to rising political risks, interest spreads on Asian bonds are expected to widen when the international bond market opens on Monday.