Asian shares pulls back from record highs as oil gains on Iran risk
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- Iran captured two container ships exiting the Gulf via the Strait of Hormuz, pushing Brent crude up 1.3% to $103.18 a barrel.
- Nikkei reached a new high for a second day before falling more than 1%, dragging the MSCI Asia‑Pacific index down 0.7%.
- S&P 500 closed at a record high, up 1% after a strong earnings start, while the Nasdaq rose 1.6%.
- GE Vernova shares jumped 13.75% after the company raised its annual revenue forecast on AI‑driven demand.
- Tesla posted surprise positive free cash flow for Q1, yet its stock slipped 2% as investors reacted skeptically to its AI and robotics spending plan.
Why it matters: Oil traders gain as Brent climbs to $103.18 a barrel, while the MSCI Asia‑Pacific index falls 0.7%, tightening financing for regional exporters; GE Vernova shareholders enjoy a 13.75% surge, but Tesla investors lose 2% over AI spend.
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