Asian stocks lower and oil falls after Wall Street sets another record on ceasefire hopes
This image was generated by AI and may not depict real events.
Asian stocks were mostly lower on Friday despite Wall Street setting another record, as investors watched for signs of more U.S.-Iran talks and an extension of the ceasefire in the Iran war. Oil prices fell as optimism over an extended ceasefire grew.
Asian stocks were mostly lower on Friday despite Wall Street setting another record. Tokyo's Nikkei 225 fell 1.8% to 58,475.90, while Hong Kong's Hang Seng dropped 1% to 26,143.60. Oil prices fell as optimism over an extended ceasefire in the Iran war grew. Brent crude was 1.1% lower at $98.26 per barrel, and U.S. crude was down 1.6% to $89.70 a barrel. The U.S. President suggested he is open to extending the ceasefire, and Iran's U.N. envoy said Tehran remained cautiously optimistic over negotiations with the U.S. Wall Street set another record on Thursday, with the S&P 500 closing 0.3% higher at 7,041.28.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.