Most equities rise after oil price plunge, US data in focus
- HONG KONG: Stocks mostly rose on Wednesday (Sep 30) following a plunge in oil prices the previous day, while investors prepared for the release of crucial US inflation data later in the day.
- Both main crude contracts tumbled on Tuesday on lingering hopes for an eventual deal to end the US-Iran war that will reopen the Strait of Hormuz, even though talks remain at a standstill and both sides have provided mixed messaging.
- News that Saudi Arabia had restored about half the capacity of its East-West pipeline - after it was closed this month following drone attacks - also provided a healthy boost, w
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- HONG KONG: Stocks mostly rose on Wednesday (Sep 30) following a plunge in oil prices the previous day, while investors prepared for the release of crucial US inflation data later in the day.
- Both main crude contracts tumbled on Tuesday on lingering hopes for an eventual deal to end the US-Iran war that will reopen the Strait of Hormuz, even though talks remain at a standstill and both sides have provided mixed messaging.
- News that Saudi Arabia had restored about half the capacity of its East-West pipeline - after it was closed this month following drone attacks - also provided a healthy boost, w
Sources: CNA