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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 ...
Fertiliser cos advance annual plant shutdowns
Fertiliser manufacturers are accelerating annual plant shutdowns to mid-March due to liquefied natural gas (LNG) supply disruptions stemming from the West Asian conflict. Reduced LNG availability, impacting ammonia production for urea, has led to a government-encouraged rescheduling of maintenance. This move aims to manage operations as gas supply has been cut by up to 40%.
Govt guarantees at least 70pc natural gas supply to fertiliser plants amid West Asia crisis
Fertiliser plants are now 'Priority Sector-2' for natural gas, ensuring 70% of average consumption to protect domestic production from West Asian conflict disruptions. This measure safeguards output ahead of the Kharif sowing season, with India holding substantial fertiliser reserves and an aggressive advance-stocking strategy in place.
Oil prices extend advance as traders gauge US escort plan for Strait of Hormuz
West Texas Intermediate was above $75 a barrel post rallying 11% across two days, the biggest rise in four years. Brent ended near $81.
War Risk Premium Lifts Oil and Freezes Broad Market Advance - Investing.com India
War Risk Premium Lifts Oil and Freezes Broad Market AdvanceInvesting.com India
Commodity Corner: Oil, gold advance as markets assess US-Iran peace prospects
While oil prices recovered on supply-related concerns, gold continued to attract safe-haven demand as investors awaited greater clarity on the US-Iran deal and the Federal Reserve's policy outlook.