{
  "id": 10369929,
  "title": "Asian stocks slip as oil prices rise, India's NIFTY falls below 23,000",
  "url": "https://urgent.news/2026/09/28/asian-stocks-slip-as-oil-prices-rise-indias-nifty-falls-below-23-000",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-28T05:24:07.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/asian-stocks-slip-as-oil-prices-rise-indias-nifty-falls-below-23-000-202609280524"
  },
  "original_language": "en",
  "account": "Asian equities struggled on Monday, falling as oil prices climbed and US Treasury yields rose. Traders were uncertain about a ceasefire between the United States and Iran, with President Donald Trump rejecting an Iranian proposal to reopen the Strait of Hormuz. The Indian stock market, the NIFTY 50, dropped 1.25% to 22,855 due to heightened US-Iran tensions. The BSE Sensex also tumbled over 1.30% to 72,945. Volatility may persist as traders approach the month-end expiry of Nifty and Bank Nifty contracts on Tuesday. The Nikkei 225, Japan's benchmark, fell 0.06% to 66,330. Japan's Prime Minister Tanaka Sanae claimed Trump expressed concern about the yen's weakness during their recent summit. China's Shanghai Composite Index dropped 1.75% to 3,820, while Hong Kong's Stock Exchange rose 0.65% to 24,665, and Shenzhen's Stock Index fell 3.35% to 12,870. Taiwan's Taiex slipped by 0.28% to 48.025, and South Korea's KOSPI tumbled 2.15% to 6,925 as investors locked in profits from large-cap tech shares. Asia accounts for around 70% of global economic growth and hosts key stock market indices for developed economies like Japan and South Korea, as well as key emerging markets such as China and India. Technology firms dominate indices in Japan, South Korea, and China, while financial services lead markets in Hong Kong and Singapore. Manufacturing, particularly automobile production and electronics, remains significant in China and Japan. The performance of Asian stock markets is primarily driven by the earnings reports of their constituent companies, but other factors such as economic fundamentals, central bank decisions, fiscal policies, political stability, technological advancements, and geopolitical events also influence market performance.",
  "summary": "Asian equities mostly trade in negative territory on Monday, pressured by rising oil prices and higher US Treasury yields. Traders doubt that the United States (US) and Iran will reach a ceasefire agreement soon.",
  "key_points": [
    "Oil prices rise, causing Asian stocks to slip",
    "India's NIFTY falls below 23,000 amid US-Iran tensions",
    "Nikkei 225 and China's Shanghai Composite Index decline slightly"
  ],
  "editors_take": "The rise in oil prices and US Treasury yields, fueled by US-Iran tensions, is weighing on Asian stocks, with investors locking in profits from large-cap tech shares and bracing for market volatility.",
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Business Standard IN",
        "title": "₹31 trn wiped out; nearly 40% of Nifty stocks down over 20% from 52-wk high",
        "url": "https://urgent.news/2026/09/28/31-trn-wiped-out-nearly-40-of-nifty-stocks-down-over-20-from-52-wk",
        "published": "2026-09-28T02:20:12.000Z"
      },
      {
        "outlet": "Free Press Journal",
        "title": "Sensex Falls Over 1,000 Points, Nifty Drops Below 22,900 As Oil Prices And Global Yields Hit Markets",
        "url": "https://urgent.news/2026/09/28/sensex-falls-over-1-000-points-nifty-drops-below-22-900-as-oil-prices",
        "published": "2026-09-28T06:05:05.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}