Asian Stocks Rise, Oil Prices Fall; UAE OPEC Exit

0:00It's April 29th. This is Canada News Today, driven by AI. Asian stocks pushed higher today, shrugging off yesterday's Wall Street dip, while oil prices took a hit after the United Arab Emirates announced it. Failing on OPEC this Friday, that move shakes up the cartel, which pumps about 40% of the world's oil and the UAE's one of its biggest players frustrated with. Production caps. In details, South Korea's Cosby climbs 0.3% to 6,657.40. Hong Kong's hansing jumped 1.4% to 26,029.02, and Shanghai edged up 0.3%. Australia slipped a bit, down 0.3%, but India's Sensex gains 0.4%. Traders see the UAE split boosting output long-term, cutting OPEC's grip on supply as strategists from ING bank point out. Still, with Brent crude dipping 0.5% to $110.71 a barrel and US crude off 0.6%.

1:04Percent to $99.32, eyes they glued to bigger forces. That's amidst stalled US Iran talks over the war, the Strait of Hormuz blockage key for one-fifth of global oil, and Iran's offer to reopen it if. Feds lift support blockades, though nukes complicate any deal. Wall Street closed lower Tuesday, S&P 500 down 0.5% from records, NASDAQ off 0.9% on AI stock slides like, Broadcom and Nvidia. Feds interest rate call drops later today, US futures tick up, dollar steady against Yen at 1.59.63, and Treasury. Still told at 4.35% markets, bracing for whatever comes next in this wild ride.