Archive · 28 Sep 2026
Asian shares trade mixed as oil prices rise amid uncertainty
Asian stock markets moved in different directions on Monday.
Oil prices went up after falling for part of last week.
People are uncertain about when oil can move freely from the Middle East because of the war with Iran.
Higher oil prices can make many goods and services more expensive.
This has increased worries about inflation in the United States.
Higher interest rates and bond yields can also make borrowing more expensive.
United States stocks still finished higher on Friday.
The dollar became slightly stronger against the Japanese yen.
Asian markets were mixed Monday after oil prices rose and United States stocks ended their first winning week in three.
The Nikkei 225 was nearly unchanged, while Australia gained, South Korea and Shanghai fell, and Hong Kong rose.
United States crude climbed 1% to $93.33 a barrel, while Brent crude increased 1.8% to $106.19.
The S&P 500 rose 0.5%, the Dow Jones Industrial Average gained 0.9%, and the Nasdaq composite added 0.5%.
The United States dollar rose to 157.76 Japanese yen as markets remained focused on oil flows, inflation and bond yields.
- Who
- Asian and United States stock markets, currency traders, and energy markets were involved.
- What
- Asian shares traded mixed as crude oil prices rose, while United States stocks ended higher.
- When
- The Asian trading session occurred Monday, following United States market trading last Friday.
- Where
- Markets across Asia, on Wall Street, and in global oil markets were affected.
- Why
- Oil prices were volatile because of uncertainty about when the war with Iran would allow Middle Eastern oil to flow freely, including through the Strait of Hormuz; inflation and rising bond yields also influenced markets.
- Nikkei 225
- Nearly unchanged, down less than 0.1% to 66,333.53.
- S&P/ASX 200
- Rose 0.3% to 8,688.60.
- Kospi
- Fell 2.3% to 6,916.30.
- Hang Seng
- Rose 0.7% to 24,684.09.
- Shanghai Composite
- Dropped 1.7% to 3,820.82.
- Oil prices
- United States crude rose 1% to $93.33 per barrel; Brent crude rose 1.8% to $106.19.
- 10-year Treasury yield
- Reached 5.22% before easing to 5.15%, compared with 3.97% at the start of the war with Iran.