Asian stock markets are trading mostly lower on Tuesday, following the mixed cues from Wall Street overnight, on spiking crude oil prices and supply concerns amid continued escalation in the Middle East conflict in violation of the Russia-Ukraine “energy ceasefire.” Technology and semiconductor stocks are taking a hit amid mounting concerns over AI valuations and Chinese competition. Asian markets closed mixed on Monday.
There have been fresh attacks on Saudi Arabia’s aviation infrastructure by Iran-backed Houthi militants and a drone strike on a tanker near the Sohar anchorage off Oman. Saudi Arabia has extended the suspension of operations at King Khalid International Airport in Riyadh.
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Asian Markets Trade Mostly Lower
2026-10-13 03:17:03
