Asian Shares Trade Mixed as Brent Crude Rises 1.8% to $106.19
Updated
Updated · WRAL News · Sep 28
Asian Shares Trade Mixed as Brent Crude Rises 1.8% to $106.19
3 articles · Updated · WRAL News · Sep 28
Summary
Brent crude climbed 1.8% to $106.19 a barrel Monday and U.S. crude rose 1% to $93.33, leaving Asian equities split rather than broadly higher.
South Korea's Kospi fell 2.3% and Shanghai lost 1.7%, while Hong Kong gained 0.7% and Australia added 0.3%; Japan's Nikkei was little changed, down less than 0.1%.
Oil remains volatile because the Iran war has clouded when Middle East supplies can move freely again, including through the Strait of Hormuz.
Wall Street had ended last week firmer after oil cooled from Brent's brief drop into the $97 range, helping the 10-year Treasury yield ease to 5.15% from an intraday 5.22% and lifting the S&P 500 0.5%.