Oil supply uncertainties drive STI down

ASIAN markets closed mixed on Tuesday, as investors awaited clarity on whether the weekend attack on Saudi oil facilities will significantly disrupt global oil supplies.

Key indices in Australia, New Zealand and Japan ended higher, while those in China and Hong Kong closed with losses. South Korea closed flat on the day.

Esty Dwek, head of global market strategy, dynamic solutions at Natixis Investment Managers, said that the oil price spike was not a surprise following the drone strike on Sat…