Nikkei, Kospi Scale Records as Cheaper Oil Lifts Asia Market Rally
4 Articles
4 Articles
The financial markets react reluctantly after the signing of a provisional agreement between the US and Iran. Oil prices fall.
The market measures the impact of Iranian maritime unlocking and Japanese inflation.
Nikkei, Kospi scale records as cheaper oil lifts Asia market rally
Asian stocks advanced on Friday, with Japan and South Korea setting fresh records, as the reopening of the Strait of Hormuz pulled oil prices lower and gave investors a stronger disinflation story to trade. The rally was not risk-free. The dollar hovered near a 13-month high after the Federal Reserve’s hawkish shift, pushing the yen to levels that may test Tokyo’s tolerance for further weakness. With China, Hong Kong and Taiwan shut for holidays…
Asian stocks rise, Nikkei and KOSPI hit record high
Nikkei 225 index was the best performer in Asia on Thursday, surging almost 2% to a record high of 71,477.0 points, while KOSPI added nearly 1% to a record high of 8,976.55 points Most Asian stocks rose on Thursday, with Japanese and South Korean shares hitting a record high after reports showed Iran and U.S. had signed a framework deal to end their nearly four-month war. The preliminary agreement stands to end hostilities in the Middle East, an…
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