Asia markets put behind US-Iran tension
THE US airstrike on Jan 3 that killed prominent Iranian general Qasem Soleimani made the relationship between Teheran and Washington the focal point of market chatter going into the week.
But by Friday, Asian equities were mostly higher after both sides appeared to have settled the score (not before Iran returned the favour by attacking two US bases, of course).
The local Straits Times Index (STI) made steady gains across the session to finish at 3,255.95, adding 8.47 points or 0.3 per cent. On the week, it gained 17.13 points or 0.5 per cent from Jan 3's close of 3,238.82.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
TikTok tells advertisers: ‘We are not backing down’
EV automakers get reprieve in US tax credit rules
Nomura, Mizuho face losses on All Blue fund’s failed trades
Stablecoin Tether steps up monitoring in bid to combat illicit finance
HSBC asked by US$890 billion investor group to set energy goal
BHP’s biggest rivals sit on the sidelines of Anglo M&A drama