A man wearing a protective mask is seen on a stock market board at a securities company amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan, November 6, 2020.
Kazunari Kato | Reuters
Asia-Pacific markets were mixed on Wednesday as investors digested higher-than-expected inflation in April amid concerns about soaring oil prices and the ongoing conflict in the Middle East.
President Donald Trump said Monday that the month-long ceasefire between the United States and Iran is “incredibly weak” and “requires massive life support” after rejecting Tehran’s “unacceptable” counteroffer to end the conflict.
Secretary of Defense Pete Hegseth said President Trump does not need Congressional approval to resume strikes against Iran. The comments came after the administration passed a 60-day deadline required by the federal War Powers Act to obtain authorization for military force.
Meanwhile, investors will also be watching developments related to the upcoming meeting between President Trump and Chinese President Xi Jinping, which is expected to discuss trade.
Crude oil futures widened losses. of west texas intermediate As of 4:23 a.m. ET, June futures were down 0.97% at $101.15 a barrel. brent crude oil July futures fell 0.80% to $106.90 per barrel.
South Korea’s Kospi reversed its early losses and rose 2.63% to 7,844.01, while the small-cap Kosdaq fell 0.20% to 1,176.93.
Japanese Nikkei Stock Average rose 0.84% to 63,272.11, and TOPIX rose 1.20% to 3,919.48. Australia’s ASX was down 0.46% at 8,630.40.
China’s CSI300 rose by 1.02%, and Hong Kong’s CSI300 rose by 1.02%. Hang Seng Index The stock rose 0.15% in the last hour of afternoon trading.
indian nifty 50 Added 0.56%.
