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Airlines and some hotel stocks fell after the U.S.-Israeli attacks on Iran and subsequent retaliation strikes.
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Ayatollah Khamenei's death following the joint U.S.-Israeli airstrikes has compelled country's leadership to confront the task of selecting a new supreme leader.
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The defense sector was a rare bright spot amid a broader market sell-off triggered by fears of a wider regional conflict following U.S. attacks on Iran.
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U.S. President Donald Trump has been scheduled to visit China at the end of March, following tense trade relations with Beijing.
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