Podcasts · Bloomberg Daybreak: Asia Edition
Stocks Rise as Oil Declines
· 19 min
Episode Stocks Rise as Oil Declines
Business and finance news from the Asia-Pacific.
Asian stocks and bonds edged up as a pullback in oil prices eased inflation concerns. MSCI's regional equities gauge advanced 0.5%, with South Korea's Kospi index leading gains. Chipmakers Samsung Electronics Co. and SK Hynix Inc. climbed after a key US semiconductor gauge rallied. Adding to the positive tone, Brent crude declined for a third day, falling 1.2% to $103.56 a barrel as supply concerns eased and traders turned their attention to the next round of diplomacy over the US-Iran war. We speak to Bloomberg's MLIV Strategist David Savage.
And for more on the markets, Bloomberg's David Ingles and Yvonne Man spoke to BNP Paribas Asset Mgmt Senior Market Strategist Ecaterina Bigos.
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