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<Asia> Iran Tensions Escalate; Asian Markets Mostly Higher in Early Trade, Taiwan Hits Record; DJIA Futures Down Nearly 400 pts
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Tensions surrounding Iran escalated. US President Donald Trump said the US had attacked and detained an Iranian cargo vessel, while Iran stated it would refuse to participate in a new round of talks to be held in Pakistan. Trump also threatened that if Iran fails to sign an agreement before the ceasefire deadline this week, the US would strike all of Irans power plants and bridges. Futures for the three major US stock indices moved lower. DJIA futures were last down 398 points or 0.8%, while S&P 500 futures and Nasdaq futures fell 0.6% and 0.5%, respectively. International oil prices surged sharply. New York oil futures for June delivery and Brent oil futures for June delivery rose 5.8% and 5.5% to USD87.37 and USD95.35 per barrel, respectively. Major Asia-Pacific equity markets were mostly higher in early trading, with Taiwan equities hitting a record high. Chinas Shanghai and Shenzhen markets opened mixed. The Shanghai Composite Index opened up 1 point or 0.05% at 4,053, while the Shenzhen Component Index opened down 14 points or 0.1% at 14,870. In Hong Kong, the HSI opened up 44 points or nearly 0.2% at 26,204. Taiwans market at one point rose 407 points or 1.1% to a record high of 37,211, and was last at 37,202, up 349 points or nearly 1%. Japans Nikkei index stood at 58,973 in early trading, up 497 points or 0.85%. South Koreas Kospi rose 60 points or 1% to 6,252. Singapores Straits Times Index edged down 9 points or 0.2% to 4,997. Australias S&P/ASX 200 Index was marginally higher by less than 1 point at 8,947. New Zealands NZX 50 Index rose 21 points or 0.2% to 12,927. (da/a) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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