Business & Finance
Asian Stocks Set to Fall as Oil Surges Past $100: Markets Wrap
Key Points
Asian Stocks Set to Fall as Oil Surges Past $100: Markets Wrap Stocks in Asia were poised for declines after a sharp Wall Street selloff, while oil surged above $100 a barrel for the first time in two months as an escalating Middle East conflict stoked fears of renewed inflation. Equity-index futures pointed to losses in Australia, Japan and South Korea after the S&P 500 fell 1.2%, its biggest one-day drop in a month, and the tech-heavy Nasdaq 100 lost 1.9%. A gauge of megacap stocks...
Asian Stocks Set to Fall as Oil Surges Past $100: Markets Wrap
Stocks in Asia were poised for declines after a sharp Wall Street selloff, while oil surged above $100 a barrel for the first time in two months as an escalating Middle East conflict stoked fears of renewed inflation.
Equity-index futures pointed to losses in Australia, Japan and South Korea after the S&P 500 fell 1.2%, its biggest one-day drop in a month, and the tech-heavy Nasdaq 100 lost 1.9%. A gauge of megacap stocks suffered its worst session since the tariff-driven market rout in April 2025, underscoring investors’ retreat from risk assets.