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Update on investment situation due to Iran’s attack (2 Oct 2024)

October 02, 2024

5 minutes



On 1 October, Iran launched over 200 missiles at Israel. Then, Prime Minister of Israel announced to strike back.


Israel mentioned that most missiles were intercepted. However, there was 1 deceased from the attack.


Iran’s attack was due to the assassination of leaders of Hezbollah and Hamas. Moreover, Israel deployed air and ground forces invading Lebanon.


During 1 – 2 October, Brent crude oil price rose around +6% reflecting geopolitical uncertainty. However, the latest price is around $74-$75 per barrel which is lower than the price in mid-year that reached $90 per barrel.


This Iran’s attack had no advance warning, which was different from the attack in April. The stock market is not surprised about the situation much. The market quite focused on interest rate cut of US Fed and China’s economic stimulus measure. On 2 October, Hang Seng market of Hong Kong increased over +6.2% (China’s stock market was closed due to long holidays), while US Futures market slightly dropped -0.07%. Most European Futures markets improved.



Investment outlook and recommendations



o We consider that the market will monitor the situation closely. If Iran closes Hormuz Strait, global energy price will be significantly impacted because it is a shipping route of 30% of the world’s oil trade and 20% of the world’s natural gas trade. Nevertheless, Iran never closes the Strait during previous unrest situations which were more severe than the current situation. 


o We need to monitor the situation closely and recommend investors to diversify investments based on the Company’s recommended portfolios which will reduce investment volatility.



Warning : Investors should understand the characteristics of the product, return conditions, and risks before making an investment decision. Past performance is not a guarantee of future results. Investors should study the information about the mutual fund, especially the investment policy, risks, and performance disclosed in various sources or consult an investment advisor before deciding to invest. Additionally, investors should review the tax benefits specified in the mutual fund investment guide. This document is created for general dissemination and is based on sources considered reliable as of the date the information is presented, but the accuracy of the information cannot be fully guaranteed. Such information may change without prior notice. The investment proportions and performance data presented are for the initial portfolio, and the actual investment proportions and performance of individual investors may vary depending on the investment period and various costs as specified in the policy. For more details, please call 1766.

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