Asian shares were mixed in subdued trading early Tuesday, as recent enthusiasm cooled and markets faced uncertainty about efforts to end the war in Iran. Japan’s benchmark Nikkei 225 lost 0.9% in morning trading to 71,681.29.
Market Analysis
According to Neil Newman, Managing Director, Head of Strategy at Astris Advisory Japan, the market had cooled off after eight days of strong markets. Australia’s S&P/ASX 200 was up less than 0.1% in morning trading at 8,822.10, while South Korea’s Kospi dipped 2.8% to 8,863.52.
In the oil market, prices fell following talks over the weekend between the United States and Iran on their war. U.S. Vice President JD Vance said they created a “good foundation for a successful final deal.” An end to the war could open the Strait of Hormuz for oil tankers and allow for the full resumption of deliveries from the Persian Gulf.
Early Tuesday, benchmark U.S. crude rose 35 cents to $74.21 a barrel. Brent crude, the international standard, added 23 cents to $78.13 a barrel. The yield on the 10-year Treasury climbed to 4.50% from 4.46%.
Original reporting: KTBS 3 (Shreveport) — read the source article.
