Nikkei hits record high as Asia markets rise amid Hormuz concerns
Japan's Nikkei index reached a record high while other Asian markets opened higher despite ongoing concerns over volatile oil prices linked to the closed Strait of Hormuz.
Trend
Middle East Oil Disruption
Sharp increases in petrol prices and concerns over oil supply routes amid regional instability around the Strait of Hormuz.
4 stories · 4 sources tracked by AFBytes in Markets
Key entities
- Asia
- Hormuz
- United States
What to watch next
- Monitor upcoming Bank of Japan policy statements for any signals on currency intervention that could shift equity flows.
- Watch the next monthly EIA petroleum status report for confirmation of whether the price trajectory continues or moderates.
- Monitor weekly EIA inventory reports and the next IEA monthly report for confirmation of drawdown pace and price implications.
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