Investors continue to deal with U.S. election-related volatility
Global shares were mostly up Tuesday after U.S. stocks closed broadly higher with gains in Big Tech companies offsetting a skid in oil and gas stocks.
Japan’s benchmark Nikkei 225 added 0.8% to finish at 38,903.68. Australia’s S&P/ASX 200 gained 0.3% to 8,249.20. South Korea’s Kospi added 0.2% to 2,617.80. Hong Kong’s Hang Seng edged up 0.5% to 20,701.14, while the Shanghai Composite slipped 1.1% to 3,286.41. Recently, stocks in the oil-and-gas industry have been hurt by the sinking price of oil. In energy trading in Asia Tuesday, benchmark U.S. crude rose 15 cents to $67.53 a barrel. Brent crude, the international standard, added 18 cents to $71.60 a barrel.
Beyond the violence that is taking a human toll, the worry in financial markets is that an escalating war in the Middle East could cut off the flow of crude from Iran, which is a major oil producer.
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