Asia-Pacific equities retreat as oil soars on Middle East tensions
TL;DR
Asia-Pacific stocks opened lower as Brent crude jumped above $100 and WTI rose amid renewed Middle East tensions, weighing on Japan's Nikkei 225 (~2% down), Korea's Kospi (~3% down) and Kosdaq (~2% down), while Hong Kong's Hang Seng slipped and China's CSI 300 edged up slightly; Australia’s ASX 200 fell about 0.3%. Investors awaited US inflation data (PCE) and weighed recession risk against higher energy prices.
- Asia-Pacific markets tumble as investors brace for a prolonged war in Middle East CNBC
- Asia shares mostly lower and oil hovers around $100 a barrel over Iran war worries WRAL
- Asian stocks slide as Iran war keeps oil near $100, dents rate-cut bets Reuters
- Oil fears hit Asian stocks harder than profits Financial Times
- Asian Stocks, Bonds to Echo US Drop as Crude Rises: Markets Wrap Bloomberg.com
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