Business · Markets · 1 hr ago

Asian markets are little changed as oil prices fall

Asian markets are little changed as oil prices fall

Asian stock markets showed little movement at the start of the week, as investors held back amid geopolitical uncertainty and the start of the US earnings season.

Japan’s market was closed for a holiday, while Shanghai’s main market was nearly unchanged and an index of major companies in Shanghai and Shenzhen fell 0.1%.

Investors were also waiting for important US inflation data due later in the week.

In China, attention focused on Tencent’s plans to issue bonds in US dollars and offshore yuan to raise money.

Technology companies are borrowing to fund large investments in artificial intelligence, but investors are concerned that rising borrowing costs may outpace the returns from AI.

Asian energy shares fell as oil prices dropped after US President Donald Trump announced an energy truce between Russia and Ukraine and new Russian diesel deliveries.

Investors are waiting to see whether those plans are carried out.

Sources

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