Kospi Drops 2.7% as Brent Rebounds Above $108 on Iran War Uncertainty
Updated
Updated · Yahoo Finance · Sep 28
Kospi Drops 2.7% as Brent Rebounds Above $108 on Iran War Uncertainty
3 articles · Updated · Yahoo Finance · Sep 28
Summary
South Korea’s Kospi slid 2.7% Monday, leading a mixed global session as Japan’s Nikkei fell 0.7% and China’s Shanghai Composite lost 1.7%, while Hong Kong and Australia posted modest gains.
Brent crude jumped 3.73% to $108.21 a barrel and U.S. crude rose 3.41% to $95.56 after last week’s brief drop toward $97, reviving concern over Middle East supply and access through the Strait of Hormuz.
Europe opened slightly higher—France’s CAC 40 and Britain’s FTSE 100 both up 0.3%—but U.S. futures pointed lower, with S&P 500 futures off 0.4% and Dow futures down 0.3%.
The uneven trading followed Wall Street’s first weekly gain in three weeks, helped by last week’s oil-price cooldown, while investors now watch inflation data and whether central banks keep a hawkish stance.