Asian shares are mixed and oil prices hold steady as the US raises pressure on Iran
BANGKOK (AP) — Asian shares were mostly lower Tuesday after U.S. stocks drifted to a mixed finish ahead of potentially market-moving events later in the week. Regional benchmarks traded in a narrow range and U.S. futures were nearly unchanged. Oil prices were little…
Asian shares experienced a mixed performance on Tuesday as U.S. stocks fluctuated ahead of significant market events. Regional benchmarks remained relatively stable, with futures nearly unchanged. Oil prices remained steady after U.S. Treasury Secretary Scott Bessent imposed new sanctions on Iran, threatening retaliation to countries engaging with the country.
The Nikkei 225 in Japan rose 0.4% to 65,811.19, while the Kospi in South Korea decreased 0.4% to 6,675.88. Hong Kong's Hang Seng fell 0.3% to 25,453.19, and the Shanghai Composite index dipped 0.1%, to 3,878.38. Australia's S&P/ASX 200 gained 0.6% to 9,158.70. Taiwan's Taiex saw a slight decrease, and India's Sensex lost 0.3%. On Monday, bond markets showed signs of improvement, alleviating some pressure on stocks.
The S&P 500 fell 0.3%, moving away from its recent record high, and the Dow Jones Industrial Average increased 0.3%. The Nasdaq composite declined 0.8%. Tech stocks suffered as AI-related concerns weighed on investor sentiment. Nvidia, a major player in the AI boom, reported a 2.9% dip, impacting the S&P 500 significantly. Chip manufacturers Micron Technology and Broadcom also experienced declines, contributing to the overall market downturn.
Written by urgent.news from Associated Press's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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