Asian stocks lower and oil falls after Wall Street sets another record on ceasefire hopes
Asian stocks were lower Friday even after Wall Street set another record, as investors watched for signs of more U.S.-Iran talks and an extension of the ceasefire of the Iran war that is expiring next week. Hong Kong’s Hang Seng dropped 1% to 26,126.86, while the Shanghai Composite index edged down 0.1% to 4,051.45. U.S. President Donald Trump suggested Thursday that he’s open to extending the two-week ceasefire in the Iran war, and Iran’s U.N. envoy said Tehran remained “cautiously optimistic” over negotiations with the U.S.
Asian stocks were lower Friday even after Wall Street set another record, as investors watched for signs of more U.S.-Iran talks and an extension of the ceasefire of the Iran war that is expiring next week. Hong Kong’s Hang Seng dropped 1% to 26,126.86, while the Shanghai Composite index edged down 0.1% to 4,051.45. U.S. President Donald Trump suggested Thursday that he’s open to extending the two-week ceasefire in the Iran war, and Iran’s U.N. envoy said Tehran remained “cautiously optimistic” over negotiations with the U.S.
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