Asian Stocks Fluctuate and Oil Rises Amid Anticipation of Ceasefire and Peace Talks in Pakistan
Oil prices rose and Asian stock markets fluctuated due to geopolitical tensions.
Translated by Qiyas from كونا — Original source
Kuala Lumpur, April 9 (KUNA) -- Asian stock markets showed caution and volatility on Thursday as investors awaited the outcome of a ceasefire and peace talks between the United States and Iran in Pakistan, while oil prices rose again amid expectations of continued global inflationary pressures. A report published by Singapore’s CNBC network noted that Japan’s Nikkei index fluctuated around stability after posting a strong gain of 5.4 percent in the previous session, while South Korean stocks fell 0.4 percent following a 6.8 percent rise the day before. The report added that leading Chinese shares declined by 0.6 percent, while the broader MSCI Asia Pacific ex-Japan index dropped 0.7 percent, reflecting investor caution amid escalating geopolitical tensions in West Asia. In energy markets, U.S. crude oil futures rose 3.1 percent to $97.33 per barrel, while Brent crude climbed 2.1 percent to $96.86 per barrel. (End) E.A.B./T.M.A.
