Asian stocks held their ground on Friday after Wall Street gained on a surge in ...
TOKYO - Asian stocks held their ground on Friday after Wall Street gained on a surge in oil prices as attacks on tankers in the Gulf of Oman stoked U.S.-Iran tensions and raised concerns over supply flows through one of the world’s main sea lanes.
U.S. stocks rose on Thursday after two days of declines, with energy shares rebounding on the back of crude oil’s surge. [.N] But equity market gains were limited ahead of the Fed’s June 18-19 meeting, which will give investors an opportunity to see if the Fed’s monetary policy stance is in sync with market expectations for a near-term rate cut.
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