Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Markets

News : Markets
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 

ASIA MARKETS: Asian Markets Slip As Tensions Remain High After Attack On Saudi Oil Facilities

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/16/2019 | 11:31pm EDT

By Marketwatch and Associated Press

Hong Kong, mainland China post steepest losses as crude prices stabilize

Asian markets fell in early trading Tuesday, a day after oil prices spiked and global markets slipped following a weekend attack on Saudi Arabian oil facilities.

President Donald Trump on Monday said it "looks" like Iran was behind the attack , but suggested no military response was imminent. The Saudi government called the attack an "unprecedented act of aggression and sabotage" but stopped short of directly pinning blame on Iran. Tehran denied responsibility for the strike, which knocked out about half of Saudi Arabia's oil production. Oil prices jumped more than 14% on Monday, but crude futures were far more subdued Tuesday.

"The calming overtones from Saudi officials suggesting the situation is manageable, after telling other OPEC members not to respond with extra output, have temporarily taken the edge of the disruption," said Stephen Innes, Asia-Pacific market strategist at AxiTrader, in a note.

Japan's Nikkei , which was closed for a holiday Monday, slipped 0.1%, as Trump told Congress that the U.S. and Japan are ready to sign a limited trade deal. Hong Kong's Hang Seng Index fell 0.9% and the Shanghai Composite slid about 0.9% while the Shenzhen Composite dropped 1.2%. South Korea's Kospi edged up 0.2%, while benchmark indexes in Taiwan , Singapore and Indonesia were mixed. Australia's S&P/ASX 200 was about flat.

Among individual stocks, oil producer Inpex surged in Tokyo trading, as did e-commerce company Rakuten , while SoftBank fell. In Hong Kong, Geely Automobile and Hang Lung Properties declined. LG Electronics (066570.SE) slipped in South Korea and Foxconn fell in Taiwan. BHP and Rio Tinto dropped in Australia, while Woodside Petroleum gained.

Stocks mentioned in the article
ChangeLast1st jan.
BHP GROUP 0.03% 35.4 End-of-day quote.3.39%
CHINA-SHANGHAI COMP 0.50% 2954.38 End-of-day quote.18.28%
FOXCONN TECHNOLOGY CO LTD End-of-day quote.
GEELY AUTOMOBILE HOLDINGS LIMITED 4.69% 14.28 End-of-day quote.4.69%
HANG LUNG PROPERTIES LIMITED 0.00% 17.26 End-of-day quote.15.37%
HANG SENG -0.82% 26532.35 Real-time Quote.3.50%
INPEX CORPORATION 0.91% 963.9 End-of-day quote.-0.29%
KOSPI COMPOSITE INDEX -0.28% 2080.55 Real-time Quote.2.20%
NIKKEI 225 0.34% 22625.38 Real-time Quote.12.38%
RAKUTEN, INC. 0.85% 1064 End-of-day quote.49.23%
RIO TINTO PLC 1.07% 4070.5 Delayed Quote.7.99%
S&P/ASX 200 0.01% 6673.1 Real-time Quote.17.77%
SOFTBANK GROUP CORP. -0.02% 4298 End-of-day quote.-38.64%
WOODSIDE PETROLEUM LTD 0.16% 31.75 End-of-day quote.1.21%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Markets"
07:33aMARKET SNAPSHOT: Dow Futures Fall 100 Points As Caterpillar Results Disappoint And Boeing, Microsoft On Deck
DJ
07:29aMARKET SNAPSHOT: Dow Futures Fall 100 Points As Caterpillar Results Disappoint And Boeing, Microsoft On Deck
DJ
07:25aTech stocks weigh on Europe, Brexit delay looms
RE
06:34aEUROPE MARKETS: European Chip Stocks Dragged Lower After Texas Instruments' Weak Outlook
DJ
06:28aBrexit Uncertainty Weighs on Stocks
DJ
06:11aMost southeast Asian markets fall on global demand worries, Singapore slips most
RE
05:45aLONDON MARKETS: Sterling Drops And FTSE 100 Up After Latest Brexit Developments
DJ
05:28aBrexit Uncertainty Weighs on Stocks
DJ
04:53aWALL STREET STOCK EXCHANGE : Oil dips as U.S. stocks rise; prospect of OPEC action supports
RE
04:49aWALL STREET STOCK EXCHANGE : Oil dips as U.S. stocks rise; prospect of OPEC action supports
RE
Latest news "Markets"