Archive · 29 Jul 2026
Asian Stocks Rise Amid West Asia Conflict
On Wednesday, July 29, Asian stocks went up because there was new fighting in West Asia.
This made oil prices go up a lot, which made people worry about how much energy we have around the world.
Some people are worried this could make things more expensive, just before the Federal Reserve makes a big decision about interest rates.
But other people are excited because big tech companies like Microsoft and Apple are going to tell us how much money they made.
Some tech stocks are doing badly, but others are doing okay.
The yen and the yuan stayed the same against the dollar.
Overall, it's a mixed day in the market.
Asian stocks rose on July 29 due to new fighting in West Asia.
Brent crude jumped 3.4% to above $87 a barrel, and US crude rose to $81.97 a barrel.
The MSCI Asia Pacific Index rose 0.7%, and the Nikkei added 0.59%.
Tech stocks, particularly chipmakers, are under pressure due to doubts about AI spending.
Investors are awaiting earnings reports from Microsoft, Meta Platforms, Apple, and Amazon, as well as the Federal Reserve's rate decision.
- Who
- Investors, global markets, and the US military
- What
- Asian stocks rise, oil prices jump due to conflict in West Asia
- When
- Wednesday, July 29
- Where
- Global markets, particularly in Asia
- Why
- New fighting in West Asia has raised concerns about global energy supply constraints, leading to a rise in oil prices and a mixed market response.
Investors Concerned About Energy Supply
Optimistic Market Response to Tech Earnings
Market Reaction to Conflict
Investors Concerned About Energy Supply
Investors are worried about global energy supply constraints due to the conflict in West Asia, which could stimulate inflation.
Optimistic Market Response to Tech Earnings
The market is optimistic about upcoming tech earnings reports from companies like Microsoft, Meta Platforms, Apple, and Amazon.
Impact on Oil Prices
Investors Concerned About Energy Supply
The conflict has led to a significant rise in oil prices, with Brent crude jumping 3.4% to above $87 a barrel.
Optimistic Market Response to Tech Earnings
The rise in oil prices could be seen as a positive for energy companies, potentially boosting their earnings.
Tech Stock Performance
Investors Concerned About Energy Supply
Tech stocks, particularly chipmakers, are under pressure due to doubts about AI spending and a potential market correction.
Optimistic Market Response to Tech Earnings
Investors are shifting money from big chip stocks to sectors more linked to the wider economy, which could stabilize the market.
- Date
- Wednesday, July 29
- Brent Crude Price
- $87 a barrel
- US Crude Price
- $81.97 a barrel
- MSCI Asia Pacific Index
- Up 0.7%
- Nikkei Index
- Up 0.59%
- Hang Seng Futures
- Up 0.5%
- S&P 500 Futures
- Up 0.4%
- Yen to Dollar
- 163.86 per dollar
- Offshore Yuan to Dollar
- 6.7718 per dollar