Asian Futures Fall as Oil Rises and Yen Gains — SkimNews
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- Middle East tensions pushed oil prices higher, adding to inflation concerns and keeping investors wary of further monetary tightening.
- Yen held gains near its highest level since February.
- Japan equity-index futures pointed to a lower opening, contrasting with the region’s broader defensive setup.
- South Korea equity-index futures signaled gains, tracking advances in Nasdaq 100 contracts.
- S&P 500 futures dropped after fluctuating in the previous session, when cash markets were closed for a public holiday.
- Hong Kong and Australia equity-index futures also pointed to declines at the open, extending the region’s mixed trading picture.
Why it matters: Higher oil prices, tied by the report to Middle East tensions, are keeping further monetary tightening in view while the yen gains and Asian equity futures diverge. Japan, Australia and Hong Kong futures point to lower opens, whereas South Korean futures follow Nasdaq 100 gains.
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