Oil, chips, bitcoin, and hydrogen: The top ETFs of the Iran war
The top-performing ETFs on the ASX since the Iran war began nine weeks ago include oil, semiconductor chips, bitcoin, and hydrogen, while precious metals ETFs have been the biggest losers. Investors in Australia's sharemarket have faced challenges due to the country's vulnerability to the fuel crisis and interest rate increases.
Since the Middle East war started nine weeks ago, the best-performing ASX-listed ETFs have been diverse, including oil, semiconductor chips, bitcoin, and hydrogen. Precious metals ETFs have been the biggest losers. Australia's sharemarket has struggled due to its vulnerability to the fuel crisis from the Strait of Hormuz closure and three interest rate increases from the Reserve Bank of Australia this year. The US and Israel first bombed Iran on February 28, triggering the crisis. The impact on Australian investors has been significant.
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