In this article USO 9866-HK Follow your favorite stocks CREATE FREE ACCOUNT Mount Fuji and the Shinjuku skyline in Tokyo, Japan, on Friday, Feb. 14, 2025. Photographer: Kiyoshi Ota/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Asia-Pacific markets traded higher Wednesday as investors assessed the ongoing Middle East war. Australia's S&P/ASX 200 rose 0.35% in early trade. Japan's ...
In this article USO 9866-HK Follow your favorite stocks CREATE FREE ACCOUNT Mount Fuji and the Shinjuku skyline in Tokyo, Japan, on Friday, Feb. 14, 2025. Photographer: Kiyoshi Ota/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Asia-Pacific markets traded higher Wednesday as investors assessed the ongoing Middle East war. Australia's S&P/ASX 200 rose 0.35% in early trade. Japan's Nikkei 225 jumped 1.36%, while the Topix added 1.22%. South Korea's Kospi advanced 3.2%, while the small-cap Kosdaq rose 1.39%. Hong Kong Hang Seng index rose 0.43%, while the CSI 300 added 0.19%. Oil prices, which spiked to nearly $120 a barrel Monday at the height of fear around the Iran conflict, dropped from their height as traders believed a group of countries would tap emergency crude reserves to mitigate disruption caused by the conflict. U.S. crude oil was last up 3.24% at $86.15 per barrel. "The most immediate impact of an oil shock is that it acts like a tax on the economy. When energy prices surge, households spend more on fuel and utilities and less on everything else, which quietly slows consumer demand across the broader economy," said David Johnson, CEO of financial services firm Vervent. Hong Kong-listed shares of Chinese electric vehicle maker Nio surged more than 15% after the company reported a sharp improvement in fourth-quarter results, helped by surging deliveries, better product mix and cost cuts. Fourth-quarter vehicle deliveries jumped 71.7% from a year earlier to 124,807 units, while revenue rose 75.9% to 34,650.2 million yuan ($4,954.9 million) and vehicle margin improved to 18.1% from 13.1% a year ago. Stock Chart Icon Stock chart icon Overnight in the U.S., the S&P 500 fell slightly in choppy trading as oil prices pulled back and traders kept an eye on the Iran war. The broad market index dropped 0.21% to end at 6,781.48. The Dow Jones Industrial Average dipped 34.29 points, or 0.07%, and closed at 47,706.51. The Nasdaq Composite inched up 0.01%...
Vietnam moved to cushion consumers from a sharp jump in fuel costs as the Middle East conflict stoked growing concerns over global energy supplies. The government began disbursing money from its fuel price stabilization fund from midnight Tuesday, using as much as 5,000 dong ($0.20) per liter to soften retail price increases, according to a statement on its website. As a result, the price of RON-9...
Vietnam moved to cushion consumers from a sharp jump in fuel costs as the Middle East conflict stoked growing concerns over global energy supplies. The government began disbursing money from its fuel price stabilization fund from midnight Tuesday, using as much as 5,000 dong ($0.20) per liter to soften retail price increases, according to a statement on its website. As a result, the price of RON-95 gasoline rose 7.66%, while diesel increased 1.58% and kerosene fell 7.71%, respectively. Without the intervention, RON-95 would have climbed about 22.45%, while diesel and kerosene prices would have risen 18.12% and 3.69%, respectively, according to government calculations. “We estimate the fund could sustain this level of intervention for roughly three-four weeks,” Pham Luu Hung , chief economist at SSI Securities Corp. wrote in a note to investors. Prime Minister Pham Minh Chinh ordered officials to “absolutely prevent energy shortages in any circumstance,” according to another statement on the government’s website. Vietnam’s energy situation, though, remains “under control,” Chinh said. Disruptions in the Persian Gulf, home to some of the world’s largest oil and gas producers, have been a major headache for import-dependent Asia — especially for more price-sensitive emerging economies such as Vietnam that immediately experience pain from higher costs and have less flexibility to draw on emergency supplies. Read More: Asia’s Fuel Crunch Forces Four-Day Weeks, School Closures Vietnam’s trade ministry on Tuesday encouraged people to work from home and use public transport to reduce fuel consumption. The government on Friday said that domestic supply remains “basically secured,” but warned that if the conflict continues into April the “market may face more difficulties.” The prime minister ordered officials to diversify crude oil sources and increase imports to ensure 30% of the nation’s fuel needs are met from overseas suppliers, the statement said. Chinh also instructed ...
US President Donald Trump says the war on Iran may not last much longer. But across Asia, government actions are racing to shield themselves from the fallout – revealing a region gripped by anxiety that an energy shock could revive the spectre of stagflation Under mounting economic pressure and record oil market volatility, Trump said on Monday that the US-Israeli war on Iran could be over “very s...
US President Donald Trump says the war on Iran may not last much longer. But across Asia, government actions are racing to shield themselves from the fallout – revealing a region gripped by anxiety that an energy shock could revive the spectre of stagflation Under mounting economic pressure and record oil market volatility, Trump said on Monday that the US-Israeli war on Iran could be over “very soon”, though not within the coming week. The most exposed Asian economies – including South Korea and Japan – are heavily dependent on the Middle East for about 50 per cent of their energy imports, and some are moving to cushion themselves from turbulence. Advertisement China, the world’s second-largest oil consumer, has announced its sharpest rise in retail petrol and diesel prices since 2022, while ordering state-owned oil majors to secure stable supplies of refined products and comply with official price controls. Beijing has spent years building up strategic oil reserves without disclosing their exact size, but Reuters reported on Thursday that analysts estimated the stockpiles at about 900 million barrels – just under three months of imports. Advertisement Japan and South Korea are also preparing defensive measures. With oil reserves covering 254 days, Tokyo had instructed national storage sites to prepare for a possible release, local news agency Kyodo News reported on Sunday. Tokyo previously released oil during the Gulf war in the early 1990s and again following the earthquake and tsunami in northeast Japan in 2011, according to the report.
(RTTNews) - The Thai stock market on Tuesday wrote a finish to the two-day slide in which it had tumbled almost 35 points or 2.5 percent. The Stock Exchange of Thailand now sits just above the 1,400-point plateau although it may see mild selling pressure on Wednesday. The global forecast for the Asian markets is fairly flat as traders await further developments in the Middle East conflict. The Eur...
(RTTNews) - The Thai stock market on Tuesday wrote a finish to the two-day slide in which it had tumbled almost 35 points or 2.5 percent. The Stock Exchange of Thailand now sits just above the 1,400-point plateau although it may see mild selling pressure on Wednesday. The global forecast for the Asian markets is fairly flat as traders await further developments in the Middle East conflict. The European markets were up and the U.S. bourses were mixed and flat and the Asian markets are likely to follow the latter lead. The SET finished sharply higher on Tuesday following gains from the food, finance, industrial, property, resource and technology sectors. For the day, the index jumped 22.79 points or 1.65 percent to finish at 1,405.75 after trading between 1,393.03 and 1,417.43. Volume was 10.549 billion shares worth 68.215 billion baht. There were 382 gainers and 127 decliners, with 145 stocks finishing unchanged. Among the actives, Advanced Info rallied 2.53 percent, while Thailand Airport gained 0.51 percent, Banpu sank 0.84 percent, Bangkok Bank rose 0.30 percent, Bangkok Dusit Medical tumbled 2.60 percent, Bangkok Expressway tanked 2.70 percent, B. Grimm improved 0.85 percent, BTS Group slumped 0.96 percent, CP All Public shed 0.53 percent, Charoen Pokphand Foods strengthened 1.59 percent, Energy Absolute soared 3.82 percent, Gulf accelerated 2.75 percent, Kasikornbank jumped 1.90 percent, Krung Thai Bank climbed 1.05 percent, Krung Thai Card dropped 0.85 percent, PTT Oil & Retail increased 0.90 percent, PTT added 0.75 percent, PTT Exploration and Production stumbled 2.78 percent, SCG Packaging spiked 2.31 percent, Siam Commercial Bank collected 0.70 percent, Siam Concrete vaulted 2.40 percent, Thai Oil surged 3.23 percent, True Corporation expanded 1.54 percent, TTB Bank advanced 0.92 percent and PTT Global Chemical and Asset World were unchanged. The lead from Wall Street offers little clarity as the major averages opened lower but quickly moved higher and spent...
格隆汇3月11日｜丹麦玩具巨头乐高的首席执行官Niels B. Christiansen坦言，若油价影响属长期情况，会推高生产玩具成本。他表示：“我们将其视为原材料成本的一部分，当油价上升时，我们的成本当然也会上升；这取决于是短期还是长期影响，短期而言我们有合约保障，因此相对不受影响，但从长远来看则不同。”
格隆汇3月11日｜丹麦玩具巨头乐高的首席执行官Niels B. Christiansen坦言，若油价影响属长期情况，会推高生产玩具成本。他表示：“我们将其视为原材料成本的一部分，当油价上升时，我们的成本当然也会上升；这取决于是短期还是长期影响，短期而言我们有合约保障，因此相对不受影响，但从长远来看则不同。”
家國天下｜漢藥童行 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】有家長希望讓子女從小認識中醫藥文化，帶同孩子參加沉浸式體驗的中醫藥親子工作坊，透過親手製作香囊、學習穴位按壓等活動，加深對中醫的認識。開辦工作坊的...
家國天下｜漢藥童行 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】有家長希望讓子女從小認識中醫藥文化，帶同孩子參加沉浸式體驗的中醫藥親子工作坊，透過親手製作香囊、學習穴位按壓等活動，加深對中醫的認識。開辦工作坊的註冊中醫師歐卓榮更讓兒子自小接觸中醫，又期望隨着香港中醫醫院啟用及《中醫藥發展藍圖》的公布，能進一步推動中醫文化傳承與普及。
The team did sing the anthem in their last two games before they were eliminated on Sunday, leading critics to believe they had been forced to take part by government officials accompanying them during the tournament as part of the delegation.
The team did sing the anthem in their last two games before they were eliminated on Sunday, leading critics to believe they had been forced to take part by government officials accompanying them during the tournament as part of the delegation.