Asian stock markets are trading mostly lower on Friday, following the broadly negative cues from Wall Street overnight, as hopes for a speedy resolution to the Middle East war faded after Tehran vowed to keep the Strait of Hormuz closed until the port blockades by the US remain, raising concerns of surging crude oil prices and long-term inflation. Asian markets ended mostly lower on Thursday.
Concerns about a re-escalation of the U.S.-Iran war also weighed on the markets after US President Donald Trump ordered the US Navy to "shoot and kill any boat" that is putting mines in the waters of the Strait of Hormuz.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com