Asian stocks mixed and oil rises as US, Iran call end to latest attacks
- HONG KONG: Asian stocks were mixed, and oil prices edged up on Monday (Jun 29) as reports said the United States and Iran had agreed to stop attacking each other following a weekend of strikes that threw their fragile truce into question.
- Investor confidence remains shaky after last week's rollercoaster ride that saw markets whipsaw on the Middle East crisis and growing concerns about a tech bubble fuelled by the AI boom.
- While there is an expectation that Washington and Tehran will finalise a deal to end their conflict and reopen the Strait of Hormuz, the process has been fraught with tensions
Unverified
- HONG KONG: Asian stocks were mixed, and oil prices edged up on Monday (Jun 29) as reports said the United States and Iran had agreed to stop attacking each other following a weekend of strikes that threw their fragile truce into question.
- Investor confidence remains shaky after last week's rollercoaster ride that saw markets whipsaw on the Middle East crisis and growing concerns about a tech bubble fuelled by the AI boom.
- While there is an expectation that Washington and Tehran will finalise a deal to end their conflict and reopen the Strait of Hormuz, the process has been fraught with tensions
Sources: CNA