Asia markets mostly lower as Middle East conflict enters third week; oil spikes on supply fears
Asian markets mostly declined as the Middle East conflict escalated, causing oil prices to surge. WTI crude futures exceeded $99 per barrel, influenced by U.S. military actions near Iran's oil export hub. Japan's Nikkei fell 0.68%, while China's Shanghai Composite dropped 0.34%. Hong Kong's index rose 1.25%, and India's Sensex decreased by 0.36%. Investor sentiment remains fragile, with significant foreign portfolio withdrawals from Indian equities. The Australian market also faced losses amid global growth concerns, while U.S. stock futures showed slight gains as tensions and oil prices continued to rise.
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