Asia shares weaker, oil up; investors weigh Saudi-Houthi escalation
SYDNEY: Asian markets were slightly weaker on Wednesday even though US stocks touched new highs, as oil prices rose with a storm heading for the Gulf of Mexico and tensions escalating between Saudi Arabia and Yemen’s Iran-backed Houthis. In Asia, MSCI’s broad...
SYDNEY: Asian markets were slightly weaker on Wednesday even though US stocks touched new highs, as oil prices rose with a storm heading for the Gulf of Mexico and tensions escalating between Saudi Arabia and Yemen’s Iran-backed Houthis. In Asia, MSCI’s broadest index of Asia-Pacific shares excluding Japan was down 0.3% after US stocks ended higher. The index is up 1.5% so far this month. The S&P 500 hit a fresh rec...