Asian Stocks Are Mixed as Yen Jumps Against the Dollar, While Oil Prices Slip
Brent crude sank about 6% as Trump said talks with Iran will begin Monday, while the yen rose after rare U.S.-Japan intervention.
- On Monday, Brent crude fell about 5% on rising hopes of peace in the Middle East, while the Japanese yen jumped suddenly after the United States and Japan confirmed joint intervention to prop up the currency.
- President Donald Trump announced talks with Iran would occur Monday, aiming to resolve the standoff over Tehran's nuclear capabilities and potentially reopen the Strait of Hormuz to ease global supply pressures.
- Japan's Ministry of Finance confirmed coordinated yen-buying operations aim to halt the currency's slide to fresh 40-year lows. Officials described the move as a 'signal of friendship' between the two nations.
- Treasury Secretary Scott Bessent said the United States stepped in to fight disorderly movements in the yen, though Mizuho Bank strategist Masayuki Nakajima warned structural forces remain broadly yen-negative despite intervention.
- Continued volatility remains likely as war-driven supply pressures stoke inflation concerns, keeping investors on high alert for further coordinated intervention by the United States and Japan in coming days.
60 Articles
60 Articles
Oil prices sink on Middle East hopes, yen extends gains after joint intervention
The positive development in the five-month Middle East war did little to support Asian equities, with tech chipmakers SK hynix and Samsung dragging South Korea's Kospi down after Friday's record-breaking rally. The US president said Sunday that negotiations would cover the Strait of Hormuz -- a route for global energy supplies that has become a key sticking point in the conflict -- and ultimately, the denuclearisation of Iran. His announcement c…
The Express Tribune
Sada El baladOil slumps on hopes of Iran deal, yen firms after intervention
Brent crude futures sink more than 4% to $83.88 a barrel
The US president called off a planned attack on Iran and announced that negotiations would resume on Monday.
Donald Trump has announced new negotiations with Iran, and oil prices have fallen significantly, although the situation in the Persian Gulf was last tense.
It seems to be the same game forever. The US president offers a solution in the Iran war and already oil prices go down and stock market prices up. The first thing happened also in the current case, the fireworks on the parquet still remain.
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