Bloomberg · Mar 1, 2026 · Collected from RSS
Japanese shares are poised to open lower in Tokyo as US-Israeli strikes on Iran hit risk appetite and boosted oil prices.
Rising oil prices risk delivering a fresh inflation shock to Japan, complicating Prime Minister Sanae Takaichi’s efforts to ease cost-of-living pressures, according to Monex Group’s Jesper Koll.
The chairman of one of China’s top liquor makers has been placed under detention by local authorities, the company said, dealing another blow to a Chinese baijiu industry already struggling with sagging demand.
Shares in Australian liquefied natural gas exporters surged after tankers stopped crossing the Strait of Hormuz, hampering about a fifth of global supply and threatening to raise prices of the fuel.
Aluminum climbed on concerns that critical supply routes for Middle Eastern producers will be disrupted by conflict in a region responsible for a significant share of global output.
Brent jumped by as much as 13% to above $82 a barrel at the open on Monday, and oil markets are now bracing for prolonged volatility and sustained disruptions in the Strait of Hormuz.
Julius Baer Head of Asia Research Mark Matthews shares his views on how US actions in Iran could reshape American influence over global oil flows, saying the impact could be “huge”.