Business & Finance
Asian equities trade mixed as Japanese and South Korean benchmarks climb
Tokyo and Seoul posted gains while Hong Kong declined amid ongoing tensions in the Strait of Hormuz.
The short version
- Japan's Nikkei 225 climbed 1.7% and South Korea's Kospi rose 3.3% on Monday, while Hong Kong's Hang Seng fell 1.1%.[ABC News · Associated Press]
- Regional markets tracked geopolitical friction near the Strait of Hormuz alongside broader equity movements.[ABC News · Associated Press]
- A senior Iranian official announced plans for a maritime exclusion zone, while the U.S. military rejected Iranian claims of striking an American vessel.[ABC News · Associated Press]
Key facts
- Japan's Nikkei 225 increased 1.7% to reach 66,104.93 on Monday.[ABC News · Associated Press]
- South Korea's Kospi advanced 3.3% to close at 6,907.53.[ABC News · Associated Press]
- Hong Kong's Hang Seng index dropped 1.1% to 25,377.12.[ABC News · Associated Press]
- The United States military refuted Iranian claims that an uncrewed American military vessel was hit in the Strait of Hormuz.[ABC News · Associated Press]
- A senior official from Iran reported that Tehran intends to establish an exclusion zone outside the Strait of Hormuz.[ABC News · Associated Press]
What remains uncertain
- Conflicting accounts exist regarding whether an uncrewed American military vessel was struck in the Strait of Hormuz, which Iran claimed and the U.S. military called a total lie.[ABC News · Associated Press]
Sources
Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.
- Asian shares are mixed as chipmaker shares rally in Tokyo and SeoulABC News - Business
- Asian shares are mixed as chipmaker shares rally in Tokyo and SeoulAssociated Press · Wire: associated-press