Asian Markets Mixed, Oil Surges on Iran Tensions

Asian stocks started the week on a mixed note, with Tokyos Nikkei and South Koreas Kospi experiencing minor fluctuations. However, oil prices surged by over 4% due to escalating tensions between the US and Iran. US futures dipped slightly, but the significant development was the energy sectors rise on war-related jitters.

Tokyos Nikkei 225 dropped 0.4% to 62,486, while South Koreas Kospi surged 4.1% to 7,804. Tech stocks and AI hype supported Japan and Koreas indexes, which have risen by over 10% and 30% in the past month. Hong Kongs Hang Seng slipped 0.3%, and Shanghai climbed 0.9% on strong factory prices and exports from China.

Oil led the markets gains, with Brent crude rising 4.2% to $105.57 per barrel and US crude up 4.7% at $99.89. The Strait of Hormuz remains mostly closed due to US blockades on Iranian ports, keeping oil prices high. Wall Streets gains were driven by solid US jobs data, and investors are watching Trumps meeting with Chinas Xi this week, as China could potentially help ease oil strains.

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