{
  "id": 537144,
  "title": "Oil prices hold steady after jumping 5%, while Asian shares are mixed",
  "url": "https://urgent.news/2026/08/11/oil-prices-hold-steady-after-jumping-5-while-asian-shares-are-mixed",
  "topic": "world",
  "section": "World",
  "published": "2026-08-11T05:28:39.000Z",
  "source": {
    "name": "Winnipeg Free Press",
    "slug": "winnipeg-free-press",
    "url": "https://www.winnipegfreepress.com/business/2026/08/11/oil-prices-hold-steady-after-jumping-5-while-asian-shares-are-mixed"
  },
  "original_language": "en",
  "account": "BANGKOK (AP) — Shares in Asia were mixed on Tuesday, while oil prices remained stable after a 5% surge the previous day. The uncertainty over when the Strait of Hormuz might reopen to restore the global flow of crude contributed to the volatility. Brent crude oil stayed at $87.72 a barrel, and U.S. benchmark crude held steady at $82.13 a barrel, both having risen 5% on Monday. In Asia, South Korea's Kospi rose 1.5% to 6,391.71, while SK Hynix memory chipmaker increased by 1.3%. Hong Kong's Hang Seng fell 0.6% to 25,773.56, and Shanghai's Composite index decreased slightly to 3,964.79. Australia's S&P/ASX 200 gained 0.5% to 9,277.00, after the Reserve Bank of Australia decided to maintain its benchmark interest rate at 4.35%. Taiwan's Taiex edged up 0.4%, and India's Sensex dropped 0.4%. The S&P 500 and Dow Jones Industrial Average both declined by 0.1%, while the Nasdaq composite fell 0.3%. Despite a surge in U.S. company profits, the recent rally has begun to cool. Reports suggest that earnings per share for S&P 500 companies grew by 50% in the spring compared to the previous year, the highest growth since 2017. Berkshire Hathaway, led by Warren Buffett's company, rose 1.5%. MarineMax surged 46.1% after agreeing to be sold for $1.5 billion to a Blackstone portfolio company, and Varex Imaging jumped 48.8% following Teledyne Technologies' $18.90 per share cash acquisition. Intel, however, declined 4.1% due to potential stock dilution from selling $15 billion of shares. The upcoming July inflation data update on Wednesday is expected to provide further clarity on the Federal Reserve's rate hike plans, which could impact stock prices. Meanwhile, the U.S. dollar weakened to 159.19 Japanese yen, and gold prices rose 1.2% to $4,472.90 per ounce.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}