Asian Markets Rise Amid Oil Tension | Lubbock News

Asian markets opened mixed this Monday, with Japan’s Nikkei 225 surging 2% as tech giants like Tokyo Electron and Advantest powered gains, riding the momentum from Wall Street’s previous week. South Korea’s Kospi rose modestly by 0.8%, while chipmakers dipped slightly amid foreign investors shifting funds into defense stocks. Hong Kong’s Hang Seng edged up 0.6%, and Shanghai held steady. Globally, oil prices climbed due to escalating Middle East tensions — including Israel’s Gaza rejection and Houthi threats in the Strait of Hormuz — fueling market unease. In the U.S., a surprise drop in last Friday’s jobs report sparked hopes for a Fed pause on rate hikes, sending the S&P 500 to a new all-time high. This week’s key inflation data will be pivotal — forecasts hint at slight easing but still above 3%, shaping future Fed decisions. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/6f2c636c0e9607f0