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Asian stocks fall and oil prices climb after attacks imperil the ceasefire with Iran
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Asian stocks fall and oil prices climb after attacks imperil the ceasefire with Iran

The Seattle Times·CHAN HO-HIM The Associated Press·25 days ago
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HONG KONG (AP) — Asian stocks retreated and oil prices rose on Friday as the fragile ceasefire with Iran was strained by missile and drone attacks that prompted U.S. retaliatory strikes on Iranian military facilities. U.S. futures rose despite the latest flaring in the conflict. Investors are closely watching the war situation as negotiations between the U.S. and Iran to end the war make limited progress. Tehran said Thursday that it was still examining the latest proposals from the U.S. for ending the war. Tokyo’s Nikkei 225 fell 1.1% to 62,174.12 after closing the day before at a record high of 62,833.84. It also briefly crossed the 63,000 mark for the first time during Thursday trading. SoftBank Group, one of Japan’s largest stocks, lost more than 5%. Elsewhere in Asia, South Korea’s Kospi fell 1.1% to 7,409.63. Hong Kong’s Hang Seng dropped 1.3% to 26,289.50. The Shanghai Composite index shed 0.3% to 4,167.56. Australia’s S&P/ASX 200 lost 1.7% to 8,729.40. Taiwan’s Taiex was 0.5% lower.…

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