Asian Markets Show Mixed Performance as Wall Street Declines, Oil Prices Ease
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Asia Shares Mixed, Oil Dips Amid Iran War & Wall Street Losses
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News18•06-03-2026, 12:00
Asia Shares Mixed, Oil Dips Amid Iran War & Wall Street Losses
•Asian markets showed mixed performance after Wall Street's retreat, with South Korea's Kospi slipping while Tokyo's Nikkei and Hong Kong's Hang Seng gained.
•Oil prices fell over $1, with US crude at $80.07 and Brent at $84.59, following a 30-day US waiver for Indian refiners to buy Russian oil.
•The ongoing war with Iran, now in its seventh day with Israeli airstrikes, continues to rattle financial markets and raise concerns about global oil supply.
•US futures edged higher, but airline stocks suffered significant losses due to rising fuel costs and passenger disruptions in the Middle East.
•Broadcom shares jumped 4.8% on strong earnings, helping to contain overall losses on Wall Street, while gold and silver prices rose.