Asian stock futures point lower as oil surge fuels inflation fears
Updated
Updated · Bloomberg · May 4
Asian stock futures point lower as oil surge fuels inflation fears
8 articles · Updated · Bloomberg · May 4
Futures in Australia, South Korea and Hong Kong signalled opening losses on Tuesday, while Japan indicated a modest gain and US stock futures were little changed.
The moves followed declines in US equities and bonds as tensions around the Strait of Hormuz intensified and benchmark indexes retreated from record highs.
Investors are weighing the risk that higher energy costs could feed global inflation and unsettle markets beyond Asia if disruption fears around the key shipping route persist.
With oil prices soaring 50%, are global economies now sleepwalking into a major recession?
Beyond oil, how does the Hormuz shutdown threaten a silent crisis in global food security?
As US and Iranian forces clash in the Strait of Hormuz, is a full-scale global conflict inevitable?