Asian stocks waver, rattled by South Korean political tremors

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The story "Asian stocks waver, rattled by South Korean political tremors" was covered 18 hours ago by The Star, a news publisher based in Malaysia.

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The Star 18h ago

Asian stocks waver, rattled by South Korean political tremors - The Star

Quick Summary:

SINGAPORE: Asian equities stumbled on Wednesday as traders contended with the political storm in South Korea, where martial law was imposed and subsequently lifted hours later, while a no-confidence vote in France put the euro in the spotlight.

Oil prices inched higher after gaining more than 2% in the previous session as Israel threatened to attack the Lebanese state if a truce with Hezbollah collapses, and as investors positioned for OPEC+ to announce an extension of supply cuts this week.

The Australian dollar fell to four-month lows as surprisingly soft economic data led markets to bring forward the likely timing of future rate cuts.