Asia stocks set to fall as oil extends gains and inflation fears rise

Asian stocks were poised to track Wall Street lower as elevated oil prices added to inflation concerns and weakening expectations for a deal to end the Iran war weighed on risk appetite. Equity-index futures signaled declines in Sydney, Tokyo and Hong Kong on Tuesday, while South Korean markets were set to reopen after a holiday. US equity futures also edged lower after the S&P 500 dropped 0.5% and the Nasdaq 100 fell 0.2% in New York. Chipmakers bucked part of the broader weakness, with gains supported by details of Anthropic’s strong sales growth, which reinforced bullish sentiment around AI.

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Asia stocks set to fall as oil extends gains and inflation fears rise - CoinPost Terminal