Asian shares decline as oil prices soar amid the war in Iran, echoing last week's Wall Street drop 1 / 5 [Yahoo! Finance Canada]
Morningstar, Inc. (MORN)
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Source: Yahoo! Finance Canada
The drops in Asia follow the deep declines on Wall Street last Friday that finished off a fifth straight losing week , its longest such streak in nearly four years. Japan's benchmark Nikkei 225 slipped 4.5% in morning trading to 50,979.54. Australia's S&P/ASX 200 lost 1.2% to 8,417.00. South Korea's Kospi dove 3.2% to 5,264.32. Hong Kong's Hang Seng lost 1.7% to 24,519.63, while the Shanghai Composite shed 0.7% to 3,884.57. Worries have been great in Japan and the rest of Asia about the effective lack of access to the Strait of Hormuz because of the war in Iran, as the region relies greatly on such access for oil shipments. In energy trading, benchmark U.S. crude jumped $2.28 to $101.92 a barrel. Brent crude, the international standard, soared $2.88 to $115.45 a barrel. Before the war, brent had been price at about $70 to a barrel. Investors are now bracing for the war to last for some time, which would likely set off inflation in global markets, and eventually may stunt Asia
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MORN
Sec Filings
- 3/27/26 - Form ARS
- 3/27/26 - Form DEFA14A
- 3/27/26 - Form DEF
- MORN's page on the SEC website