Asia stocks edge up, oil and gold retreat on tempered Mideast fears
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Asian stocks recovered losses as Middle East conflict fears eased. Gold and the safe-haven dollar pulled back. Iran said it had no plan to retaliate following an Israeli drone attack. MSCI's Asia-Pacific shares rose 0.93%. Japan's Nikkei added 0.48%. Australia's benchmark gained 0.96% and South Korea's climbed 1.04%. Hong Kong's jumped 2.26%. Mideast tensions stayed on the market's radar. U.S. stock futures added 0.26%. Bond yields rose back toward multi-month highs. The 10-year U.S. Treasury yield added as much as 9 basis points to 4.658%. The dollar eased 0.07% to 106.03. Gold slid 0.6% to $2,376.40. Crude oil fell as traders put the focus back on fundamentals. WTI crude futures fell 0.6% to $86.75 a barrel. The article was published on April 21, 2024, at 10:42 PM.

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https://www.investing.com/news/economy/asia-stocks-edge-up-oil-and-gold-retreat-on-tempered-mideast-fears-3387752