Stock Markets
Oil hits $114 peak; India markets crash as Iran war disrupts Gulf supplies
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Oil prices peaked above $114 per barrel on March 9 as the Iran war intensified, building on yesterday's surge past $110. Indian markets plunged amid fuel cost fears, while Asian governments rolled out measures to shield consumers from spiking prices.
Indian equities have posted losses in recent sessions while markets in neighboring countries recorded gains. The divergence stems from a global surge in artificial intelligence spending that has boosted chip manufacturers elsewhere in Asia.
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Oil prices are falling on hopes for an end to the war with Iran while the US stock market holds near its records. Brent crude dropped 3.2 percent to $97.98 per barrel.
The general manager of the Bolsa de Valores de Colombia (BVC), Andrés Restrepo, highlighted the 60% growth in trading volume by natural persons during 2025, amid a recovery in market liquidity. Restrepo also warned about the low investment level in the country, below 17% of GDP, which compromises future job and production generation.
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Asian shares were mixed as investors remained cautious ahead of the Federal Reserve's interest rate decision. Heightened tensions between Japan and China weighed on sentiment. Japan and Australia called for calm following a Chinese military aircraft's radar lock on Japanese jets.