{
  "id": 9787424,
  "title": "Asian markets mixed after recent oil price surges",
  "url": "https://urgent.news/2026/09/24/asian-markets-mixed-after-recent-oil-price-surges",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-24T21:00:00.000Z",
  "source": {
    "name": "Gulf Times Business",
    "slug": "gulf-times-business",
    "url": "https://www.gulf-times.com/article/734105/business/asian-markets-mixed-after-recent-oil-price-surges"
  },
  "original_language": "en",
  "account": "Asian markets experienced a mixed day on Friday, amid recent surges in oil prices and escalating bond yields, as the Middle East war continued unchecked. Analysts highlighted that a two-month extension of the trade truce between the United States and China had not resolved several issues, leaving lingering risks for the future. Brent Crude prices dipped by 0.7% after soaring over three percent on Thursday, extending earlier gains. Global stocks, on average, had declined on Thursday, as the benchmark US 10-year Treasury yield hit its highest level since 2007, while the 30-year yield reached its peak since 2004. Japan's 10-year yield also surged to a fresh 30-year high in the morning on Friday. Research director Kathleen Brooks noted that bond yields are fluctuating wildly, with questions lingering over the extent of a potential bond crisis and the evolving situation in the Iran war. While these uncertainties persist, volatility is likely to remain dominant, particularly in commodity and bond markets. Tokyo's Nikkei 225 index rose by 1.2%, whereas Hong Kong's Hang Seng Index fell by nearly 2%, with Sydney and Jakarta also experiencing declines. Shanghai, Taipei, and Seoul were closed for the holiday season. The week's stock declines were relatively mild, alongside modest movements in foreign exchange markets, despite a clear inclination towards the dollar. Japanese Finance Minister Satsuki Katayama disclosed that US President Donald Trump had raised concerns about the weakening yen during a bilateral meeting in Washington. Trump hosted Chinese President Xi Jinping for a state dinner at the White House on Thursday, following a day filled with grandeur and ceremony that, however, concealed significant tensions between the two superpowers. Although business was discussed during the state dinner, expectations for any substantial outcomes from Xi's visit appear low. A minor positive -- the extension of the trade truce by two months until January -- was less than the two-year duration desired by China. Lloyd Chan at MUFG pointed out that escalating geopolitical risks in the Middle East, coupled with a tight oil market, raise concerns over both supply and inflation. Despite the trade truce's extension, issues surrounding tariffs, agricultural purchases, rare earths, and technology restrictions remain unresolved.",
  "summary": "Asian markets were mixed on Friday after recent oil price surges and as US and Japanese bond yields hit multi-year highs with no end in sight for the Middle East war.A two-month extension of a trade t...",
  "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."
}