Asia markets choppy as threat of Trump Hormuz levy spooks traders
© Pavlo Gonchar / SOPA Images/Sipa via Reuters Connect SINGAPORE, July 14 (Reuters) - Stocks swung between gains and losses and oil hit a one-month high in early Asian trading on Tuesday after President Donald Trump said the U.S. was reinstating its blockade of Iranian shipping in the Gulf and would collect a 20% fee on cargo traversing the Strait of Hormuz.
Reported by 1 outlet — Investing.com · Economy. See all sources ↓
© Pavlo Gonchar / SOPA Images/Sipa via Reuters Connect SINGAPORE, July 14 (Reuters) - Stocks swung between gains and losses and oil hit a one-month high in early Asian trading on Tuesday after President Donald Trump said the U.S. was reinstating its blockade of Iranian shipping in the Gulf and would collect a 20% fee on cargo traversing the Strait of Hormuz. In a volatile start to the session, MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.4%, led by a 2.2% gain for Korean shares. Japan’s Nikkei 225 was up 0.2%, while S&P 500 e-mini futures nudged 0.1% lower.
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- © Pavlo Gonchar / SOPA Images/Sipa via Reuters Connect SINGAPORE, July 14 (Reuters) - Stocks swung between gains and losses and oil hit a one-month high in early Asian trading on Tuesday after President Donald Trump said the U.S. was reinstating its blockade of Iranian shipping in the Gulf and would collect a 20% fee on cargo traversing the Strait of Hormuz.
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- 1 outlet, average source rating 6.0/10.
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Asia markets choppy as threat of Trump Hormuz levy spooks traders
Sources1TypeCoverageInvesting.com · Economy