Oil crashes, Nikkei jumps 5%: How US-Iran ceasefire flipped global markets
Stock markets across Asia posted strong gains while crude prices slipped sharply after a temporary truce between the US and Iran signalled easing tensions in the Middle East.
Chinese stocks opened mixed on Wednesday, with the benchmark Shanghai Composite Index up 0.02 per cent, at 3,393.97 points. The…
IANS | Beijing | November 1, 2017 8:32 am
(Representational Image)
Chinese stocks opened mixed on Wednesday, with the benchmark Shanghai Composite Index up 0.02 per cent, at 3,393.97 points.
The Shenzhen Component Index opened 0.03 per cent higher at 11,370.52 points, Xinhua news agency reported.
Advertisement
The ChiNext Index, China’s NASDAQ-style board of growth enterprises, was down 0.1 per cent to open at 1,867.99 points.
Advertisement
Advertisement
Stock markets across Asia posted strong gains while crude prices slipped sharply after a temporary truce between the US and Iran signalled easing tensions in the Middle East.
Sharp losses across Asia come as shipping disruptions in a key oil route intensify global risk concerns, with experts warning of deeper financial stress ahead.
Indian equity indices were trading in the red on Wednesday iny market trends following mixed cues from Asian markets.
Advertisement
