Asian markets that were open for trading mostly rose Monday, as investors continued to closely watch the war in Iran, soaring oil prices and what President Donald Trump might say next.
Japan’s benchmark Nikkei 225 rose nearly 1.1 per cent to 53,692.42 in morning trading. South Korea’s Kospi gained 1.5 per cent to 5,460.24. Trading was closed in Australia for Easter, and in Hong Kong and Shanghai for a traditional Chinese holiday.
The Tuesday deadline Trump has given for Iran to open the Strait of Hormuz is looming. Some analyst fear the war may escalate after that. Over the weekend Trump made more threats against Iran, even as the bombing continued in the region. The United States rescued two aviators whose fighter jet was shot down by Iran.
The key market focus continues to be on oil prices.
Benchmark US crude gained 38 cents to USD 111.92 a barrel. Brent crude, the international standard, added USD 1.71 to USD 110.74 a barrel.
Energy markets were closed Friday, but the prices ha​Asian markets that were open for trading mostly rose Monday, as investors continued to closely watch the war in Iran, soaring oil prices and what President Donald Trump might say next.
Japan’s benchmark Nikkei 225 rose nearly 1.1 per cent to 53,692.42 in morning trading. South Korea’s Kospi gained 1.5 per cent to 5,460.24. Trading was closed in Australia for Easter, and in Hong Kong and Shanghai for a traditional Chinese holiday.
The Tuesday deadline Trump has given for Iran to open the Strait of Hormuz is looming. Some analyst fear the war may escalate after that. Over the weekend Trump made more threats against Iran, even as the bombing continued in the region. The United States rescued two aviators whose fighter jet was shot down by Iran.
The key market focus continues to be on oil prices.
Benchmark US crude gained 38 cents to USD 111.92 a barrel. Brent crude, the international standard, added USD 1.71 to USD 110.74 a barrel.
Energy markets were closed Friday, but the prices ha ​Latest News [ SOBAN NEWS: International and National ]
