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Asian shares surge, oil dips after Trump claims progress in Iran war talks
Asian shares climbed sharply on Friday, tracking big Wall Street gains, and oil prices slipped after US President Donald Trump claimed there was a breakthrough in talks to end the Iran war. US futures edged higher. South Korea's Kospi jumped 7.8 per cent to 8,370.82, narrowing losses from earlier this month from sell-offs of shares related to artificial intelligence. The Kospi has roughly doubled over the past six months, with a record closing high of 8.801.49 on June 2. Samsung Electronics, South Korea's most valuable company, advanced 11.2 per cent. Computer chipmaker SK Hynix rose 7.2 per cent. Tokyo's Nikkei's 225 gained 3.5 per cent to 66,442.95, also led by gains for technology stocks. SoftBank Group, a multinational investment holding company with a strong AI focus, was up 2 per cent. Chip equipment maker Tokyo Electron jumped 10.3 per cent. Hong Kong's Hang Seng gained 1.8 per cent to 24,689.32 and the Shanghai Composite index rose 1.6 per cent to 4,050.51. In Australia,
Asian shares decline after another AI-led sell-off drags Wall Street lower
Shares are mostly lower in Asia following another sell-off of artificial-intelligence stocks that dragged the US market sharply lower. US futures advanced and oil prices gained more than USD 1 a barrel. Tokyo's Nikkei lost 0.5 per cent to 63,878.60, while the Kospi in South Korea was also down 0.2 per cent, at 7,720.75. Hong Kong's Hang Seng edged 0.2 per cent higher, to 24,468.82, but the Shanghai Composite index fell 0.2 per cent to 3,983.80. In Australia, the S&P/ASX 200 likewise shed 0.2 per cent to 8,632.50. Taiwan's Taiex slipped 0.4 per cent. On Wednesday, Wall Street's former superstars continue to face heavy scrutiny. The S&P 500 dropped 1.6 per cent for its first back-to-back drop in three weeks. Closing at 7,266.99, it's back to where it was in early May. The Dow Jones Industrial Average tumbled 953 points, or 1.9 per cent, to 49,918.78. The Nasdaq composite led the market lower with a 2 per cent slide, to 25,169.50. Wall Street has been shaky since last week, when
Asian shares fall after Wall Street retreat; oil eases from recent surge
Asian shares retreated on Thursday following declines on Wall Street that snapped a nine-day winning streak for the S&P 500. Oil prices fell back after surging Wednesday as renewed fighting threatened the US-Iran ceasefire. Early Thursday in Asia, Brent crude was USD 1.17 lower at USD 96.64 per barrel, while benchmark US crude oil shed USD 1.08 to USD 94.94 per barrel. Oil prices had climbed a day earlier after both the United States and Iran said they launched retaliations for earlier attacks or attempted ones. In share trading, Japan's Nikkei 225 shed 1.9% to 67,101.83 as traders sold technology stocks to lock in gains. Energy and technology giant SoftBank Group slumped 10.4%, while Shin-Etsu Chemical dropped 3.8%. Hong Kong's Hang Seng lost 1.3% to 25,299.29, and the Shanghai Composite index fell 0.4% to 4,067.46. In South Korea, the Kospi sank 1.7% to 8,651.87, while Australia's S&P/ASX 200 declined 1.5% to 8,657.40. On Wednesday, the S&P 500 fell 0.7% from its ...
Asian markets rise, oil prices stay elevated amid Iran war uncertainty
Asian shares advanced Friday following modest gains on Wall Street, while oil prices rose as efforts to end the Iran war yielded limited results. Oil prices had eased Thursday in US trading, alleviating pressure from the bond market as yields fell. Earlier this week yields climbed so high they threatened to slow economies worldwide and undercut prices for stocks, bitcoin and all kinds of other investments. US futures edged higher and Tokyo's Nikkei 225 was up 2.7% at 63,352.44. A report showed inflation hitting a four-year low in April, at 1.4%, despite higher prices for oil and gas due to the war. South Korea's Kospi gained 0.6% to 7,860.59. Hong Kong's Hang Seng rose 1.2% to 25,685.65, while the Shanghai Composite index climbed 0.5% to 4,096.24. Australia's S&P/ASX 200 was up 0.5% at 8,664.00. Taiwan's Taiex was trading 1.5% higher, while India's Sensex edged up 0.2%. Oil prices remained elevated over disruptions around the Strait of Hormuz, a critical waterway for oil and gas
China equities fall as geopolitical tensions and higher oil prices weigh on sentiment
Mainland markets moved lower during the session. The CSI 300, which tracks the largest companies listed in Shanghai and Shenzhen, fell about 1% by midday, while the Shanghai Composite Index slipped roughly 0.6%. In Hong Kong, the Hang Seng Index dropped around 1.2%, reflecting a broader risk-off mood across Asian markets.
Asian shares advance as markets await signals on when Iran war may end
Asian shares advanced Tuesday as US stocks held steady while investors awaited signals on when the war with Iran may end. US futures and oil prices edged higher. Tokyo's Nikkei 225 gained 2.1% to 55,387.75 and South Korea's Kospi surged 3.5% to 5,724.30. In Hong Kong, the Hang Seng gained 0.3% to 26,039.23, while the Shanghai Composite index inched up 0.1% to 4,127.34. Australia's S&P/ASX 200 rose 0.5% to $8,738.50. Taiwan's benchmark climbed 3.9%. On Tuesday, the S&P 500 dipped 0.2% to 6,781.48, a day after its latest wild swings caused by extreme moves in the oil market. The Dow Jones Industrial Average fell 34 points, or 0.1% to 47,706.51 and the Nasdaq composite edged higher by less than 0.1% to 22,697.10. Oil prices have remained sharply below their peaks hit on Monday. Such spikes have been rocking financial markets worldwide because of worries that the war could block the global flow of oil and natural gas for a long time. Early Wednesday, the price for a barrel of ...
Oil Hits $114 After Iran Strikes UAE | US Sinks 6 Iranian Boats | FPIs Turn Buyers | Opening Bell
US forces reportedly sank 6 Iranian small boats attempting to disrupt 'Project Freedom'. Iran would be 'blown off the face of the earth' if it targets US vessels: Trump. Around 50 commercial vessels redirected from intended routes: US Central Command. UAE intercepts 15 missiles & 4 drones launched from Iran, asserting right to retaliate. US markets fall on Monday: Dow, S&P 500, NASDAQ slip between 0.1-1%. US futures steady after major averages suffer decline overnight. US 10-year yields jump over 6 bps to 4.4%; 30-yr bond at 5.02%. Asian markets mixed; Nikkei 225, Kospi rise while Hang Seng falls. Brent crude extends gain to $114/barrel; WTI Crude at $104. Gold prices fall 2.6% to $4,524 per ounce. GIFT Nifty suggests positive start for Indian markets