Asian shares are mixed and oil prices fall about $1.50 as Trump says US will buy diesel from Russia
BANGKOK (AP) -- Asian shares were mixed and oil prices fell about $1.50 a barrel Monday as U.S. President Donald Trump's plan to purchase diesel from
Asian stock markets displayed a mixed performance on Monday as oil prices declined by approximately $1.50 per barrel. U.S. President Donald Trump's proposal to buy diesel from Russia garnered criticism from certain lawmakers, despite stock futures on Wall Street gaining more than 0.3% after the market concluded its week with gains.
The upcoming week is expected to provide updates on inflation and retail sales in the U.S., along with earnings reports from major U.S. banks. South Korea's Kospi declined by 3.1% to 6,416.17, while Japan's Tokyo market remained closed for a holiday. Hong Kong's Hang Seng index increased by 0.2% to 24,253.70, and China's Shanghai Composite index fell by 0.1% to 3,809.08.
Australia's S&P/ASX 200 rose by 0.9% to 8,790.70, Taiwan's Taiwan Stock Exchange (Taiex) decreased by 0.2%, and India's Sensex increased by 0.1%. The U.S. dollar strengthened to 158.27 Japanese yen from 158.23 yen, and the euro rose to $1.1211 from $1.1191. The ongoing uncertainty surrounding the conflict with Iran continues to impact oil prices, as the global energy sector struggles to return to normalcy.
Trump's announcement of a deal to purchase over 300,000 tons of Russian diesel shocked lawmakers, as it contradicts U.S. efforts to curb Russian revenues from oil and gas sales used to fund the war in Ukraine.
Written by urgent.news from The Mainichi's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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