China reported that its industrial profits from January to July climbed 3.6% year on year, compared to a 3.6% year on year climb from January to June.
Oil prices continued to rise after Israel and Hezbollah traded strikes over the weekend, with U.S. West Texas Intermediate crude climbing 3.5% to close at $77.42 per barrel and Brent crude up 3.05% at $81.43 a barrel, its highest in about two weeks.
An aerial photo is showing containers at Beilun Port in Ningbo, Zhejiang province, China, on April 11, 2024.Asia-Pacific markets largely fell on Tuesday, tracking losses in the S&P 500 and the Nasdaq overnight, while investors assessed industrial profit data out of China.rose 0.4% in its final hour of trade, while mainland China's CSI 300 dropped 0.57% and closed at 3,305.33.rose 0.47% to close at 38,288.62, while the broad-based Topix gained 0.73% to 2,680.80.
Late Monday, oil prices continued to rise after Israel and Hezbollah traded strikes over the weekend, with U.S. West Texas Intermediate crude climbing 3.5% to close at $77.42 per barrel and Brent crude up 3.05% at $81.43 a barrel, its highest in about two weeks. Oil prices later pared some gains on Tuesday, with WTI futures trading at $77.02 a barrel and Brent at $81.07 a barrel.
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