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Asian Markets Rise Amid Oil Tension | Lubbock News

Asian Markets Rise Amid Oil Tension | Lubbock News

Published 1 day, 22 hours ago
Description

Asian markets opened mixed this Monday, with Japan’s Nikkei 225 surging 2% as tech giants like Tokyo Electron and Advantest powered gains, riding the momentum from Wall Street’s previous week. South Korea’s Kospi rose modestly by 0.8%, while chipmakers dipped slightly amid foreign investors shifting funds into defense stocks. Hong Kong’s Hang Seng edged up 0.6%, and Shanghai held steady. Globally, oil prices climbed due to escalating Middle East tensions — including Israel’s Gaza rejection and Houthi threats in the Strait of Hormuz — fueling market unease. In the U.S., a surprise drop in last Friday’s jobs report sparked hopes for a Fed pause on rate hikes, sending the S&P 500 to a new all-time high. This week’s key inflation data will be pivotal — forecasts hint at slight easing but still above 3%, shaping future Fed decisions.

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