Asian markets settle mostly lower on Thursday
Asian markets settled mostly lower on Thursday as the US-Israel conflict with Iran has entered its 13th day with no signs of subsiding. Spike in crude oil prices amid worsening supply concerns following Iranian attacks on commercial shipping around the Strait of Hormuz also dampened market sentiments. Iran’s warning that the world should be ready for oil at $200 per barrel also kept traders cautious. Meanwhile, member countries of the International Energy Agency have unanimously agreed to release its largest-ever emergency release of 400 million barrels of oil.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | 4,129.10 | -4.33 | -0.10 |
| Hang Seng | 25,716.76 | -182.00 | -0.70 |
| Jakarta Composite | 7,362.12 | -27.28 | -0.37 |
| KLSE Composite | 1,711.01 | 2.23 | 0.13 |
| Nikkei 225 | 54,452.96 | -572.41 | -1.04 |
| Straits Times | 4,855.33 | -8.48 | -0.17 |
| KOSPI Composite | 5,583.25 | -26.70 | -0.48 |
| Taiwan Weighted | 33,581.86 | -532.33 | -1.56 |
