Shares are mixed in Asian trading after a drop in oil prices helped send the U.S. stock market to its best day since the war in Iran began. Early Tuesday, oil bounced back slightly with Brent crude selling for $103 a barrel. On Monday, the S&P 500 climbed 1% for its biggest gain in five weeks. The Dow Jones Industrial Average added 0.
The Afternoon WireWinds, blizzards and triple-digit heat put over half of the US in the path of extreme weatherKennedy Center votes to shut down operations for 2 years and names a new presidentDominican WBC loss ends on called strike that appeared low, a week before robot umps arrive in MLBBehind the scenes at the Oscars: What you didn’t see on cameraUS stocks climb to their best day since the Iran war began after oil prices easeOldest known whale recording could unlock mysteries of the oceanOtters enjoy a snow day in Maryland during winter stormStair climbers love their exercise, even when security guards act like they're up to somethingA photo captures black spots on clothespins that reveal the environmental toll of conflict in TehranThe World in PicturesWhen gas prices go up, changing the way you drive can stretch your fuel just a bit fartherStair climbers love their exercise, even when security guards act like they're up to somethingFlu vaccines didn't work that well in the US, officials findCallers to Washington state hotline press 2 for Spanish and get accented AI English insteadRaucous bird tornado touches down as snow geese make annual flight to ArcticPope escalates call for ceasefire in Iran by addressing those responsible for the warIslandwide blackout hits Cuba as it struggles with deepening energy crisisWinds, blizzards and triple-digit heat put over half of the US in the path of extreme weatherKennedy Center votes to shut down operations for 2 years and names a new presidentDominican WBC loss ends on called strike that appeared low, a week before robot umps arrive in MLBBehind the scenes at the Oscars: What you didn’t see on cameraUS stocks climb to their best day since the Iran war began after oil prices easeOldest known whale recording could unlock mysteries of the oceanOtters enjoy a snow day in Maryland during winter stormStair climbers love their exercise, even when security guards act like they're up to somethingA photo captures black spots on clothespins that reveal the environmental toll of conflict in TehranThe World in PicturesWhen gas prices go up, changing the way you drive can stretch your fuel just a bit fartherStair climbers love their exercise, even when security guards act like they're up to somethingFlu vaccines didn't work that well in the US, officials findCallers to Washington state hotline press 2 for Spanish and get accented AI English insteadRaucous bird tornado touches down as snow geese make annual flight to ArcticPope escalates call for ceasefire in Iran by addressing those responsible for the warA person walks near a stock price monitor showing Nikkei index at a security company Tuesday, March 17, 2026, in Tokyo.
A person looks at a stock price monitor showing New York Dow and Nikkei indexes also US dollar Japanese yen exchange rate at a security company Tuesday, March 17, 2026, in Tokyo. A person stands near a stock price monitor showing Nikkei 225 index at a security company Tuesday, March 17, 2026, in Tokyo. People stand in front of a stock price monitor showing Nikkei index at a security company Tuesday, March 17, 2026, in Tokyo. Screens display financial information on the floor at the New York Stock Exchange in New York, Tuesday, March 10, 2026. A person walks near a stock price monitor showing Nikkei index at a security company Tuesday, March 17, 2026, in Tokyo. A person walks near a stock price monitor showing Nikkei index at a security company Tuesday, March 17, 2026, in Tokyo. A person looks at a stock price monitor showing New York Dow and Nikkei indexes also US dollar Japanese yen exchange rate at a security company Tuesday, March 17, 2026, in Tokyo. A person looks at a stock price monitor showing New York Dow and Nikkei indexes also US dollar Japanese yen exchange rate at a security company Tuesday, March 17, 2026, in Tokyo. A person stands near a stock price monitor showing Nikkei 225 index at a security company Tuesday, March 17, 2026, in Tokyo. A person stands near a stock price monitor showing Nikkei 225 index at a security company Tuesday, March 17, 2026, in Tokyo. People stand in front of a stock price monitor showing Nikkei index at a security company Tuesday, March 17, 2026, in Tokyo. People stand in front of a stock price monitor showing Nikkei index at a security company Tuesday, March 17, 2026, in Tokyo. Screens display financial information on the floor at the New York Stock Exchange in New York, Tuesday, March 10, 2026. Screens display financial information on the floor at the New York Stock Exchange in New York, Tuesday, March 10, 2026. BANGKOK — Shares wavered in Asia on Tuesday after a drop in oil prices helped send the U.S. stock market to its best day since the The reprieve in prices for crude was short-lived, with Brent crude climbing nearly 3% early Tuesday to $103.17 a barrel. U.S. benchmark crude also climbed, to $96.20 after dipping to about $93 a barrel on Monday. U.S. futures fell back, with the contracts for the S&P 500 and the Dow Jones Industrial Average down 0.3%. In Asian trading, Tokyo’s Nikkei 225 gained 0.4% to 53,928.25 and the Kospi in South Korea jumped 2.4% to 5,683.61. Hong Kong’s Hang Seng surged 1% to 26,088.07, while the Shanghai Composite index edged less than 0.1% lower, to 4,083.03. In Australia, the S&P/ASX 200 gained 0.3% to 8,606.60 after the central bank hiked its benchmark interest rate to 4.1%. Citing higher fuel prices, the Reserve Bank of Australia on Tuesday lifted the cash rate from 3.85% which it set at its Feb. 3 meeting in response to surging inflation. That rise was Australia’s first since November 2023.On Monday, the S&P 500 climbed 1% to 6,698.38 for its biggest gain in five weeks. The Dow Jones Industrial Average added 0.8% to 46,946.41. The Nasdaq composite jumped 1.2% to 22,374.18. The driver for markets has been oil prices, which have spiked from roughly $70 before the United States and Israel began their attacks on Iran. In response,, where a fifth of the world’s oil typically sails from the Persian Gulf to customers worldwide. That has oil producers cutting production because their crude has nowhere to go. The worry in financial markets is that if the strait remains closed for a long time, it could keep enough oil off the market to“The panic is still there, just dialled down a notch as crude slipped off the boil. Brent easing back toward $100 flipped the tape from bunker mentality to opportunistic risk-taking in a heartbeat,” Stephen Innes of SPI Asset Management said in a commentary. President Donald Trump over the weekend demanded that other countries hurt by the closure of the Strait of Hormuz “take care of that passage” and said his country “will help - A LOT!”, and Israel stepped up its campaign against Iran-backed militants in Lebanon. More than 1 million people have been displaced in Lebanon —Uncertainty over the war’s scope and duration have roiled financial markets since the war began just over two weeks ago, though markets have arelatively quickly from military conflicts. Many professional investors are expecting that to be the case again, if oil prices don’t go too high for too long. That has helped keep U.S. stock prices near their record levels. Higher prices are complicating the Federal Reserve’s mission of balancing growth and inflation as President Donald Trump pushes the central bank to slash interest rates. Traders do not expect the Fed to cut rates at its policy meeting that wraps up on Wednesday. Nvidia, whose chips are powering much of the world’s move into artificial-intelligence technology rose 1.6% on Monday as its CEO, Jensen Huang, talked up AI’s possibilities at a conference, saying he foresaw $1 trillion in demand for AI chips through 2027. It was the strongest single force lifting the S&P 500. In other dealings early Tuesday, the U.S. dollar rose to 159.32 Japanese yen from 159.05 yen. The euro slipped to $1.1496 from $1.1507.Based in Bangkok, Kurtenbach is the AP’s business editor for Asia, helping to improve and expand our coverage of regional economies, climate change and the transition toward carbon-free energy. She has been covering economic, social, environmental and political trends in China, Japan and Southeast Asia throughout her career.
Financial Markets Donald Trump Energy Markets General News Finance Business Business Economic Policy NVIDIA Corp. Australia World News Jensen Huang Israel Israel Government Stephen Innes Federal Reserve System Lebanon Iran World News
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