Asian shares mostly rise ahead of Trump's deadline on Iran
apnews.com • • general
Key Points:
- Asian stock markets mostly rose cautiously, with Japan's Nikkei 225 gaining slightly, Australia's S&P/ASX 200 up 1.7%, and South Korea's Kospi advancing 0.8%, while Hong Kong was closed for a holiday.
- U.S. stock indexes edged higher, with the S&P 500 up 0.4%, the Dow Jones Industrial Average adding 165 points, and the Nasdaq composite rising 0.5%, following the S&P 500's first winning week in six.
- Oil prices surged amid escalating tensions between the U.S. and Iran, with U.S. crude rising to $114.82 a barrel and Brent crude to $111.23, significantly above pre-war levels near $70.
- Iran rejected a ceasefire proposal and demanded a permanent end to the war, while Iranian and Omani officials worked on managing the Strait of Hormuz, a critical oil shipping route affected by the conflict.
- Treasury yields remained steady with the 10-year yield at 4.33%, and the U.S. dollar slightly strengthened against the Japanese yen, while the euro weakened marginally against the dollar.
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