Economy
Asian stocks fall sharply as oil rises in morning trading
Asian markets fell this morning, led by technology shares, while oil prices rose. In the trading snapshot published by Walla around 10 a.m., the Nikkei was down about 2% and South Korea more than 4%.
· Source: Walla. Illustrative photo of Asian market screens: Reuters
Asian markets fell this morning, led by technology shares, while oil prices rose. In the trading snapshot published by Walla around 10 a.m., the Nikkei was down about 2% and South Korea more than 4%.
The report, updated at 10:01, put MSCI's Asia-Pacific index excluding Japan down 1.8%, while the Hang Seng lost more than 3%. The declines accompanied concern over artificial-intelligence investment costs and uncertainty in the Gulf.
In that same snapshot, Brent rose 2.59% to $111.64 a barrel and US crude gained 2.31% to $99.39. These are intraday figures from the report's update, rather than live quotes or closing prices.
Source: Walla
