Asia-Pacific markets rise as investors assess renewed Middle East hostilities
Asia-Pacific markets open broadly higher on Monday, after they closed mostly in the green from the last trading session on Friday.
TL;DR
- Asia-Pacific markets mostly rose, led by Japan and South Korea, despite Middle East tensions.
- U.S. Secretary of Energy Chris Wright indicated a potential nuclear agreement with Iran may not occur soon.
- Oil prices increased amid concerns over renewed Middle East conflict and potential energy supply disruptions.
- LG Electronics shares jumped on reports of pre-IPO fundraising for its robotics subsidiary, Bear Robotics.
- European stocks are expected to open lower, with German bond yields slightly higher after a regional election result.
- U.S. stock markets will be closed on Monday for a holiday.