The Nikkei Stock Average is displayed on a screen inside the Kabutowan Building in Tokyo on Monday, February 9, 2026. Prime Minister Sanae Takaichi’s Liberal Democratic Party won a landslide victory, sending Japanese stocks to a record high while bonds fell. Photographer: Kiyoshi Ota/Bloomberg via Getty Images
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Asia-Pacific markets opened mixed on Monday as investors assessed the latest developments in soaring oil prices and the escalating US-Iran conflict.
U.S. oil prices have soared above $100 per barrel as the Trump administration considers a military strike on Tehran’s Kharg Island, a strategically important base often referred to as Iran’s “oil lifeline.”
usa crude oil By 8:10 p.m. ET, it was trading flat at $98.7 a barrel. brent The international benchmark price rose 0.48% to $103.7 per barrel.
President Donald Trump on Friday ordered an attack on Iranian military facilities on Kharg Island and warned of further attacks on oil facilities on the island. U.S. Ambassador to the United Nations Mike Walz warned repeatedly on Sunday.
australian S&P/ASX 200 The stock was down 0.31% in early trading.
Japanese Nikkei Stock Average fell 0.12%, and TOPIX fell 0.11%. South Korea’s Kospi rose 0.95%, but the Kosdaq traded flat.
hong kong Hang Seng Index The futures contract was scheduled to open higher at 25,481, compared to the index’s last closing price of 25,465.6.
Goldman Sachs estimates that the soaring energy prices caused by the Iran war could cause global GDP to decline by about 0.3% over the next year, and the headline inflation rate to rise by about 0.5 to 0.6%.
Higher natural gas prices are expected to add further inflationary pressures and growth headwinds, particularly in Europe and Asia, with risks skewing towards a larger impact if the Strait of Hormuz remains closed, the central bank said in a note on Sunday.
Stock futures rose slightly as Wall Street tried to recover from another losing week.
Dow Jones Industrial Average Futures Added 153 points (0.3%). S&P500 futures 0.3% increase; Nasdaq 100 futures It increased by 0.3%.
Last Friday, the average of the three major US stocks fell. of S&P500 It fell 0.61% and closed at 6,632.19, 5% below its recent high. of Nasdaq Composite It fell 0.93% to end at 22,105.36. of Dow Jones Industrial Average It fell 119.38 points (0.26%) to settle at 46,558.47.
—CNBC’s Sean Conlon and Pia Singh contributed to this report.
