Asian Markets Fall as Oil Surpasses $111 a Barrel

Asian shares skid as oil tops $111 a barrel and Wall Street slumps - The Morning Sun

Shares have retreated in Asia after a slump on Wall Street as oil prices shot over $110 a barrel. Tokyo's Nikkei 225 fell 2.5% and most other major benchmarks fell more than 1%. On Wednesday, U.S. …

Asian shares skid as oil tops  USD 111 barrel, Wall Street slumps

BANGKOK, Mar 19:  Shares retreated Thursday in Asia after stocks on Wall Street slumped as oil prices spiked at more than USD 110 a barrel. US stocks also sagged due to a report that said inflation was primed to worsen even before the war with Iran sent oil and gas prices spiking. That, and comments from the head of the Federal Reserve, led investors to expect there’s less chance of getting the lower interest rates that they love. Tokyo’s Nikkei…

Global Market Check | Asian shares skid up to 2.5% after oil tops $111/bbl, Wall Street slumps

Asian shares declined Thursday, mirroring Wall Street's slump as oil prices surged past $110 a barrel. Inflationary pressures were already building before the war in the Persian Gulf disrupted energy supplies, leading investors to anticipate fewer interest rate cuts. Major indices in Tokyo, Seoul, and Hong Kong all saw losses.