Japanese Stocks Climb as Oil Slides on Easing Middle East Tensions
Japanese equities edged higher on Monday's early session amid easing concerns over Middle East shipping disruptions and expectations of increased crude output from OPEC+. The Nikkei rose 229 points or 0.3% to open at 69,973.34. Brent crude declined around $71 per barrel as traffic through the US-secured maritime route in the Strait of Hormuz began to show signs of normalization. Elsewhere in Asia, market participants also monitored the Korean won's inaugural session in the 24-hour forex trading system. Meanwhile, US index futures maintained their upward momentum from Friday, when American exchanges remained closed for the Independence Day holiday.
Japanese equities edged higher on Monday's early session amid easing concerns over Middle East shipping disruptions and expectations of increased crude output from OPEC+.
The Nikkei rose 229 points or 0.3% to open at 69,973.34.
Brent crude declined around $71 per barrel as traffic through the US-secured maritime route in the Strait of Hormuz began to show signs of normalization.
Elsewhere in Asia, market participants also monitored the Korean won's inaugural session in the 24-hour forex trading system.
Meanwhile, US index futures maintained their upward momentum from Friday, when American exchanges remained closed for the Independence Day holiday.