Tokyo and Asia-Pacific Close Lower as Oil Spikes, Nikkei Slides and Risk Sentiment Frays
Executive summary: Asia-Pacific markets ended the session broadly weaker, led by a sharp drop in Japan’s Nikkei 225 and losses in Hong Kong and Australia, while South Korea’s Kospi outperformed with a solid gain. The biggest cross-asset shock came from WTI crude, which jumped more than 8%, a move that helped pressure equities, lifted inflation concerns and kept traders focused on the yen, metals and rate-sensitive assets. [Continue Reading]
Sponsored
Europe closes lower as oil shock ripples through equities, lifting energy costs and pressuring cyclicals
Executive summary: European markets ended sharply lower, with the DAX, FTSE 100, CAC 40 and Euro Stoxx 50 all finishing in the red as Brent crude surged more than 10%. The move points to a broad risk-off session in which higher energy costs, weaker industrial sentiment and firmer yields weighed on equities, while the euro held a modest gain against the dollar and sterling was unchanged. [Continue Reading]

