Asian Stock Market: Nikkei soars on positive market mood, DXY turns subdued, oil eyes $85.00

lar index shifted into a negative trajectory. The DXY is hovering around weekly lows at 111.47 and is expected to surrender the same sooner.

At the press time, Japan’s Nikkei225 soared 2.80%. Meanwhile, Chinese markets are closed for the entire week and Hong Kong markets are closed for today on account of the Double Ninth festival. Japanese markets are displaying a stellar performance despite the ongoing Japan-North Korea tensions after North Korea tests ballistic missiles near the Japanese region.

In retaliation to that, Japan's Prime Minister Fumio Kishida cited the launch as ‘violent behavior’. While Japan’s defense minister Yasukazu Hamada has cleared that Tokyo would not rule out any options to strengthen its defenses including "counterattack capabilities", reported BBCOutside Tokyo, the Reserve Bank of Australia hiked its Official Cash Rate by 25 basis points . As per the estimates, RBAwas expected to hike OCR by 50 bps consecutively for the fifth time.

On the oil front, oil prices are expected to hit the critical hurdle of $85.00 as expectations for production cuts announcement by OPEC+ are soaring. In order to stabilize the oil prices, the oil cartel will trim its production cuts. The announcement is majorly expected to delight Russia as the nation is offering oil at cheaper

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

DMA announces curator of Asian ArtJacqueline Chao is moving across the street from the Crow Museum to join the Dallas Museum of Art. Starting last month, Chao will be the Cecil and Ida Green...
Source: dallasnews - 🏆 18. / 71 Read more »

Meet first Asian American women to represent Texas at Miss USA and Miss AmericaFor the first time in state history, Texas will be represented by Asian American women at two of the most prestigious pageants in the U.S. Are we still doing this? Is this the same woman? In one pic she looks Asian and the other pic Latina...? This is awesome..I love diversity!
Source: abc13houston - 🏆 255. / 63 Read more »

Oil climbs, Asian shares mixed as holiday-heavy week gets underwayOil jumped on Monday as OPEC+ considers a cut to output this week, while Asia shares were mixed with holidays in the Asia-Pacific region likely to result in thin trading. perez1k Huh
Source: Reuters - 🏆 2. / 97 Read more »

Oil climbs, Asian shares mixed as holiday-heavy week gets underwayOil jumps over 3 percent and a barrel tops $81 as OPEC+ considers a cut to output this week
Source: trtworld - 🏆 101. / 63 Read more »

Meet the first Asian American women to represent Texas at Miss USA and Miss AmericaFor the first time in state history, Texas will be represented by Asian American women at two of the most prestigious pageants in the U.S. Texas for the crown.
Source: abc13houston - 🏆 255. / 63 Read more »

Celebrate the many Asian cultures of metro Phoenix at these 3 October festivalsThree festivals celebrating the breadth and depth of Arizona's Asian communities will take place in October. Here's what's coming up. Grateful they don’t have to live in China 🇨🇳 but please don’t bring your bad habits here - like eating dogs & horses. Or, disrespect of female genders.
Source: azcentral - 🏆 585. / 51 Read more »