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2026-09-18T11:39:42.000Z

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Asian Stocks Gain on Wall Street and Oil Prices

Asian Stocks Gain on Wall Street and Oil Prices

Most Asian stocks experienced gains during the morning trading session, influenced by Wall Street's advances and falling oil prices. The Japanese Nikkei 225 rose by 1.4% to around 65,000 points after the Bank of Japan raised its interest rate to 1.25%, the highest level in 31 years, following the Federal Reserve's decision to increase interest rates. South Korea and Chinese indices also saw gains, while the S&P/ASX 200 declined by 0.2%. Wall Street stocks climbed after oil prices dropped and downward pressures eased, with the S&P 500 increasing by 1.1%, the Dow Jones rising by 316 points, and the Nasdaq advancing by 1.2%. This comes amid a decline in oil prices, with Brent crude falling to around $103 per barrel after previously reaching $110, amid concerns that tensions with Iran may impact the global oil market.

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