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Illustration of rising Asian stocks and oil prices amid US-Iran tensions
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Asian stocks advance as oil rises amid us-iran tensions

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Asian stocks climbed higher on Monday, led by companies focused on artificial intelligence, despite escalating concerns over Middle East stability. Oil prices jumped after President Donald Trump rejected Iran's response to a US peace proposal as unacceptable. The developments come amid a 10-week-old conflict between the two nations.

Foreign automakers are strengthening their electric vehicle strategies in South Korea as surging oil prices accelerate demand for lower-cost EVs. Sales figures for January to April show strong growth for brands including BYD and Audi.

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Diesel prices in Metro Manila could drop to P70 to P90 per liter next week. Local fuel retailers are expected to implement fresh rollbacks following progress in Middle East peace talks.

Building on earlier concerns over GDP growth projections, the escalating West Asia war is pressuring Indian equity markets and disrupting footwear and textile sectors through supply shortages and cost spikes. Prashant Jain of 3P Investment Managers views the impact as marginal and transient, while industry reports show input costs up 10-50%.

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Seoul stocks opened higher Thursday as U.S. President Donald Trump hinted at a possible end to the monthlong war with Iran. The benchmark KOSPI rose 1.15 percent to 5,541.81 in early trading. Global markets rallied similarly on de-escalation hopes.

South Korean stocks opened sharply higher on March 24 amid hopes of easing Middle East tensions, following U.S. President Donald Trump's announcement of talks with Iran and a five-day postponement of strikes. The KOSPI index rose 4.25% at open, reaching 5,602.08, up 3.63%, after 15 minutes of trading.

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Sinabi ni Energy Secretary Sharon Garin na kailangang magbago ang pamumuhay ng mga Pilipino kung umabot sa $200 bawat bariles ang presyo ng global na langis, dahil hindi na ito malabong mangyari tatlong linggo pagkatapos ng digmaan sa Middle East.

 

 

 

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