{
  "id": 8186447,
  "title": "Asian stocks track Wall Street rally as oil prices decline",
  "url": "https://urgent.news/2026/09/18/asian-stocks-track-wall-street-rally-as-oil-prices-decline",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-18T05:54:13.000Z",
  "source": {
    "name": "Euronews",
    "slug": "euronews",
    "url": "https://www.euronews.com/business/2026/09/18/asian-stocks-track-wall-street-rally-as-oil-prices-decline"
  },
  "original_language": "en",
  "account": "Asian markets mirrored a rally on Wall Street as oil prices experienced a decline. Japan's Nikkei 225 index increased by 1.9% to 65,332.57, following a Bank of Japan decision to raise its benchmark interest rate to a 31-year high of 1.25%. This move aligned with the Federal Reserve's own rate hike that week, a measure aimed at addressing concerns about a weakening yen. Both central banks intervened to support the yen, but with limited success. The US dollar strengthened against the yen, reaching 157.11 yen from 155.95 yen, while the euro climbed to $1.1487 from $1.1480. South Korea's Kospi surged 2.3% to 6,866.83, and Australia's S&P/ASX 200 remained flat, down less than 0.1% to 8,731.50. Hong Kong's Hang Seng increased slightly by 0.7% to 24,769.80, and China's Shanghai Composite rose by 1.0% to 3,916.08.\n\nOn Wall Street, the S&P 500 expanded by 1.1%, marking the stock index's second gain in nine days. The Dow Jones Industrial Average gained 316 points, or 0.6%, and the Nasdaq composite climbed 1.7%. The boost in stocks was attributed to falling oil prices and easing bond market pressures, following a drop in the price of Brent crude oil from nearly $110 per barrel to $103.83 per barrel. Despite the recent decline, Brent still remains higher than the $72 per barrel observed earlier this summer. These developments contributed to lower bond yields, helping to alleviate some pressure on stocks. The Federal Reserve's decision to raise the short-term interest rate by a quarter of a percentage point, the first hike in over three years, also played a role in Wall Street's mixed performance. While stocks initially remained higher after the Fed's announcement, they subsequently dropped before recovering a portion of their losses. The S&P 500 closed at 7,637.76, the Dow Jones Industrial Average at 51,778.04, and the Nasdaq composite at 26,418.30.",
  "summary": "Asian shares mostly rose in early Friday trading, getting a lift from a rally on Wall Street as well as declining oil prices.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "The Island Sri Lanka",
        "title": "Fuel market faces fresh pressure as Asian prices rise",
        "url": "https://urgent.news/2026/09/17/fuel-market-faces-fresh-pressure-as-asian-prices-rise",
        "published": "2026-09-17T23:55:55.000Z"
      },
      {
        "outlet": "RNZ Business",
        "title": "Fuel prices see first rise in four months amid renewed US-Iran conflict",
        "url": "https://urgent.news/2026/09/18/fuel-prices-see-first-rise-in-four-months-amid-renewed-us-iran",
        "published": "2026-09-18T00:03:38.000Z"
      },
      {
        "outlet": "The Economic Times - Top News",
        "title": "Global Market Today: Asian stocks, bonds gain as oil extends decline",
        "url": "https://urgent.news/2026/09/18/global-market-today-asian-stocks-bonds-gain-as-oil-extends-decline",
        "published": "2026-09-18T00:54:16.000Z"
      },
      {
        "outlet": "Malay Mail",
        "title": "Asian stocks rise as Wall Street gains and falling oil ease inflation worries",
        "url": "https://urgent.news/2026/09/18/asian-stocks-rise-as-wall-street-gains-and-falling-oil-ease-inflation",
        "published": "2026-09-18T02:44:10.000Z"
      }
    ]
  },
  "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."
}