Oil prices soared and Asian stocks plummeted after the US launched new strikes against Iran, escalating tensions over the Strait of Hormuz. Brent crude rose 4.7%, while markets like South Korea's Kospi dropped 8%. Chip companies were severely hit.
Asian markets fell Monday amid escalating Gulf tensions and Iran's claim to have closed the Strait of Hormuz, sending oil prices up and reigniting global inflation fears. Brent crude rose 3.3% to $78.50.
Hong Kong stocks fell Thursday, erasing earlier gains due to Asian market volatility and a tech sector slump. Knowledge Atlas Technology surged, while MiniMax tumbled. Regional markets like South Korea and Japan showed mixed signs.
Oil prices edged up Tuesday as traders focused on supply, demand, and recovering shipments via the Strait of Hormuz after a tanker was hit by a projectile. Iran is suspected of recent attacks, raising security concerns.
Asian markets, including Japan and South Korea, saw significant drops Thursday, primarily driven by heavy selling in computer chip stocks. U.S. futures also edged lower. Oil prices declined amid hopes for an end to the war in Iran and potential improvements in crude supply.
A council report indicates Asian markets drove gold price rebounds in H1, while US markets caused pullbacks. Despite a recent drop from record highs, gold is expected to show upside potential in H2 2024, influenced by factors like geopolitical risks and local currency weakness in Asia.
Asian stock markets rallied Friday as a peace deal reopened the Strait of Hormuz, lowering oil prices and easing inflation fears. Japan's Nikkei hit a record high, while South Korea's index surged, though analysts warn of future transit fees.
Chinese state media and influencers are defending the indie film 'Dear You' against accusations it's a tool for Beijing's influence over the diaspora, ahead of its release in Southeast Asia. The Teochew-language film explores Chinese migration and heritage.
The Strait of Hormuz reopens after over 100 days of disruption, releasing 62 million barrels of crude. A US-Iran peace deal allows traffic resumption, but the influx may lead to an oversupplied market, concerning Asian refiners.
Asian markets and European futures rallied Monday following a tentative US-Iran peace agreement, which is expected to ease global inflation and reduce central bank rate hike pressure. Oil prices dropped significantly, with Brent crude falling 4.7% to $83.24 a barrel.
Asian markets and European futures surged, while oil prices dropped significantly following a tentative peace agreement between the US and Iran. The deal is expected to ease global inflationary pressures, potentially reducing the need for further interest rate hikes by central banks.
Major Asian stock markets, including Japan's Nikkei 225 and South Korea's Kospi, surged significantly following the announcement of a peace deal between the US and Iran. Brent crude futures fell over 4%.
Global stock markets rebound sharply after US President Donald Trump announces cancellation of planned strikes against Iran and an imminent peace deal, easing geopolitical tensions and boosting investor confidence.
Asian markets declined significantly due to rising oil prices and Middle East tensions, with Hong Kong, Shanghai, and Shenzhen leading the losses. European markets are also set for further declines ahead of ECB meetings and potential US attacks on Iran.
Asian markets, including China and Hong Kong, fell on Thursday due to escalating Middle East tensions. However, Chinese chip manufacturers saw gains on expectations of domestic breakthroughs. The Yuan saw a slight increase.
Asian markets, including China and Hong Kong, fell on Thursday due to escalating Middle East tensions. However, Chinese chip manufacturers saw gains on expectations of domestic breakthroughs. The Yuan saw a slight increase as the dollar index corrected.
Asian stock markets, led by Japan and South Korea, reached record highs Monday, fueled by AI boom optimism. Rising US-Iran tensions and oil price gains added volatility, with investors awaiting a decision on extending the Iran war ceasefire.
South Korea's Kospi hit a record high Tuesday, boosted by hopes for U.S.-Iran peace talks. Oil prices were mixed after President Trump's comments, with WTI falling and Brent rising. Asian markets showed mixed performance.
South Korea's Kospi hit a record high Tuesday, boosted by hopes for US-Iran peace talks. Oil prices were mixed after mixed signals from President Trump and US Central Command actions. Japan's Nikkei and Australia's ASX also saw declines.
Oil prices plummeted and Asian stock markets surged following US Secretary of State Marco Rubio's statement about a potential Iran-US deal as early as Monday. Rubio indicated a "solid option" on the table, while Iran's Foreign Ministry spokesman noted progress but cautioned against expecting an imminent agreement.
Asian markets advanced Monday as oil prices plummeted on hopes of a US-Iran deal. Trump indicated progress, potentially reopening the Strait of Hormuz and easing geopolitical fears.
European stocks rose on Friday, buoyed by investor optimism over progress in US-Iran peace talks, despite ongoing disputes. Asian markets were mixed, with oil prices continuing to climb amid uncertainty about the war with Iran. US dollar remained strong.
Asian markets saw gains Friday, boosted by optimism over US-Iran peace talks. However, rising oil prices and inflation worries persist, impacting interest rate expectations. Samsung workers voted on a wage deal, while Japan's inflation slowed.
Goldman Sachs strategist Tim Moe highlights North Asian markets' outperformance due to energy resilience and AI focus, contrasting with South Asia's vulnerability. South Korea and Taiwan lead, while China's A-shares show policy support.
