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Global shares are mixed after US stock rally, and oil prices gain more than 1%
Asian stocks are mostly higher as AI-related stocks boost benchmarks in Tokyo and Seoul ahead of quarterly earnings reports. U.S. futures edged higher and oil prices rose. Memory chipmakers SK Hynix and Samsung Electronics surged, recovering last week’s losses. New Zealand’s central bank surprised markets by keeping its benchmark interest rate on hold. On Tuesday, the majority of stocks within the S&P 500 fell, but gains for influential companies related to artificial-intelligence offset those l
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10-22
World shares retreat as report of damage to oil tankers pushes oil prices higher
World shares and U.S. futures have retreated after oil prices jumped more than 2%. European markets opened lower Thursday and benchmarks in Seoul and Hong Kong fell more than 3%. Tokyo's Nikkei 225 fell 2.7%. The price of Brent crude oil was hovering near $112 per barrel after Iran's state television reported that seven oil tankers caught fire after being targeted or striking naval mines in the Strait of Hormuz. On Wednesday, the S&P 500 added 0.6% and the Dow Jones Industrial Average added 0.7%
10-22