Asia shares weaker, oil up; investors weigh Saudi-Houthi escalation

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.

Oct 7, 2026 - 06:00
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Asia shares weaker, oil up; investors weigh Saudi-Houthi escalation
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.

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