Media365
Key equity benchmarks in Asia all fell after crude oil futures soared back above US$100 a barrel, with Brent futures contracts surging 7 per cent and the West Texas Intermediate ones jumping 8 per cent. Hong Kong’s Hang Seng Index fell 0.9 per cent to 25,642.51 as of 9.30am local time.
Haven assets gained traction, as the US dollar index rose 0.3 per cent close to 100. Gold slumped 1 per cent to US$4,738 an ounce, reflecting renewed concerns about monetary tightening by global central banks following the surge in crude.
US says no agreement reached with Iran after marathon talks in Islamabad
US says no agreement reached with Iran after marathon talks in Islamabad
The escalation came after the ceasefire talks between the two nations fell apart in Islamabad over the weekend.
