Asian Shares Mixed As Brent Crude Approaches $100 Per Barrel
· Business · The Independent, Moneycontrol
Asian share markets traded mixed on Wednesday as rising oil prices driven by conflict in the Middle East fueled inflation concerns. Brent crude surged 1.4% to $99.30 a barrel, while U.S. benchmark crude rose 1.2% to $94.17. Japan's Nikkei 225 remained nearly unchanged at 65,249.95, South Korea's Kospi gained 1.2% to 7,041.10, and Mumbai's Sensex shed 0.7%. Investors are closely watching upcoming interest rate decisions from the U.S. Federal Reserve and the Bank of Japan amid persistent inflation pressures. U.S. inflation data due on Friday is expected to ease slightly to 3.3%.
Why it matters
Surging oil prices and impending central bank decisions threaten global economic stability and consumer purchasing power.
Read the original report — The Independent
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