Stock markets and war news are positively co-related.
The war news pushes the markets down. But the dip depends on how crucial and strong the countries are. US fighting Taliban in Afghanistan didn’t have a huge impact on global markets. While collapse of world trade center did.
US and Iran war can cause of lot of impact in the global market maily because Iran is a OPEC country with huge oil reserve.
Iran roughly produces 5 percent of the global oil. (Hunting for latest figure)
China and India are the biggest importer of oil from Iran. This is the reason it impacts Indian markets and several other global markets.
Dow Jones during World War 2:
Sensex during Kargil war between May and July 1999.
From the above 2 charts one can say the in the long term the growth story remains intact.
At reasonable valuation one can consider buying select stocks.
Also gold is reaching new highs since last couple of days.
What’s your take?