Menu

Asian shares are mixed and oil jumps 4% after Trump rejects Iran’s response to ceasefire proposal
📰
0

Asian shares are mixed and oil jumps 4% after Trump rejects Iran’s response to ceasefire proposal

The Seattle Times·CHAN HO-HIM The Associated Press·22 days ago
#4WS2XCDg
Reading 0:00
15s threshold

HONG KONG (AP) — Asian stocks were mixed Monday after Wall Street set more records, and oil surged more than 4% following U.S. President Donald Trump’s rejection of Tehran’s response to the latest U.S. proposal on ending the war in Iran. U.S. futures edged lower. Tokyo’s Nikkei 225 fell 0.4% to 62,486.84 after briefing reaching another record high in intraday trading at above 63,300. Technology-focused investment holding company SoftBank Group, one of Japan’s largest stocks, fell more than 5%. South Korea’s Kospi gained 4.1% to 7,804.71. It also hit an all-time intraday high, led by gains from tech-related stocks including Samsung Electronics and memory chip maker SK Hynix. Technology-related stocks and growing artificial intelligence-related interest have supported markets in Japan and South Korea despite the Iran war, with the Nikkei 225 and Kospi rising more than 10% and 30%, respectively, over the past month. Hong Kong’s Hang Seng fell 0.3% to 26,319.93.…

Continue reading — create a free account

Join HashtagPLUS to read full articles, follow hashtags, vote, and join the conversation.

Read More