Nikkei: Rising Oil Price Slows Stock Exchanges in Asia

Handelsblatt

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The tensions between Saudi Arabia and Iran-backed Huthi rebels in Yemen drive oil prices, which creates a bad mood among Asian investors.

borsen.dk

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Asian stock markets are down on Wednesday, despite new highs for U.S. stocks on Tuesday. Rising oil prices on the back of a storm in the Gulf of Mexico and escalating tensions between Saudi Arabia and the Iranian-backed Houthi rebels in Yemen are hitting Asian economies particularly hard.

Dagens industri

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Declines dominate the start of Wednesday's trading on Asian stock exchanges after oil prices rose.

borskollen.se

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Declines dominate early trading on Asian stock exchanges on Wednesday after oil prices rose. Increased tensions in Yemen and the Houthi movement's attacks on oil facilities in Saudi Arabia are causing oil prices to rise on Wednesday. Brent oil futures for December were up 0.9 percent at 05 Swedish time, CNBC reports. Asian stock exchanges responded by falling. Japan's Nikkei 225 is down 0.9 percent at the same time while the broader Topix falls …