Asian shares mixed as oil prices fall after Wall Street wobble
Summarised from 2 outlets · Updated 9 Oct, 06:19 · Archive
Asian shares were mixed Friday while oil prices fell back from recent gains after an unsettled day on Wall Street.
Asian shares were mixed Friday in holiday-thinned trading. Tokyo's Nikkei 225 fell 0.8% to 68,512.30, Shanghai's Composite index lost 1.4% to 3,758.47, and Hong Kong's Hang Seng climbed 1.1% to 24,046.79. Markets were closed in South Korea and Taiwan. China is due to release economic growth figures next week.
U.S. stocks were unsteady Thursday. The S&P 500 fell 0.5% for a second straight loss after setting an all-time high the previous day. The Dow Jones Industrial Average added 0.1%, while the Nasdaq composite fell 1.3% as technology stocks took particularly hard hits. Steven Innes of SPI Asset Management said 'equities remain within striking distance of record highs, but the backdrop has turned considerably less hospitable'.
Oil prices fluctuated sharply. Brent crude rose 4.1% to $104.28 before falling back after President Donald Trump said 'productive discussions' are happening with Iran and that the U.S. military would not attack it before the November elections. Oil has swung between $96 and nearly $110 over the past month due to uncertainty about the war with Iran and when global energy markets might normalise.
How it is being reported
- Asian shares are mixed and crude prices fall after an unsettled day on Wall StAsian shares are mixed in holiday-thinned trading while oil prices have fallen back from recent gains.Clickorlando · 9 Oct, 05:53
- Asian shares are mixed and crude prices fall after an unsettled day on Wall StAsian shares are mixed in holiday-thinned trading while oil prices have fallen back from recent gains.News4Jax · 9 Oct, 05:53
In this story: Tokyo · Shanghai · Hong Kong · South Korea · Taiwan · China · Donald Trump · Iran
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